Magyar Bancorp (MGYR) 10-Q 14 Aug 23 2023 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jun. 30, 2023	Aug. 01, 2023
Document Information Line Items
Entity Registrant Name	Magyar Bancorp, Inc.
Trading Symbol	MGYR
Document Type	10-Q
Current Fiscal Year End Date	--09-30
Entity Common Stock, Shares Outstanding		6,662,098
Amendment Flag	false
Entity Central Index Key	0001337068
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-51726
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-4154978
Entity Address, Address Line One	400 Somerset Street
Entity Address, City or Town	New Brunswick
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08901
City Area Code	(732)
Local Phone Number	342-7600
Title of 12(b) Security	Common Stock, $.01 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Assets
Cash	$ 3,064	$ 2,869
Interest earning deposits with banks	19,340	28,067
Total cash and cash equivalents	22,404	30,936
Investment securities available-for-sale, at fair value	8,734	9,229
Investment securities held-to-maturity, at amortized cost (fair value of $73,337 and $79,914 at June 30, 2023 and September 30, 2022, respectively)	83,720	91,646
Federal Home Loan Bank of New York stock, at cost	3,051	1,447
Loans receivable, net of allowance for loan losses of $8,378 and $8,433 at June 30, 2023 and September 30, 2022, respectively	693,308	619,843
Bank owned life insurance	17,938	17,660
Accrued interest receivable	4,143	3,478
Premises and equipment, net	13,483	13,880
Other real estate owned ("OREO")	291	281
Other assets	10,377	10,143
Total assets	857,449	798,543
Liabilities
Deposits	693,472	667,733
Escrowed funds	3,907	3,407
Borrowings	45,534	15,625
Accrued interest payable	213	85
Accounts payable and other liabilities	11,566	13,191
Total liabilities	754,692	700,041
Stockholders' equity
Preferred stock: $.01 Par Value, 500,000 shares authorized; at June 30, 2023 and September 30, 2022, none issued
Common stock: $.01 Par Value, 14,000,000 shares authorized; 7,097,825 shares issued; 6,668,572 and 6,745,128 shares outstanding at June 30, 2023 and September 30, 2022, respectively, at cost	71	71
Additional paid-in capital	63,023	63,734
Treasury stock: 429,253 and 465,693 shares at June 30, 2023 and September 30, 2022, respectively, at cost	(5,478)	(5,793)
Unearned Employee Stock Ownership Plan shares	(3,113)	(3,169)
Retained earnings	50,182	45,773
Accumulated other comprehensive loss	(1,928)	(2,114)
Total stockholders' equity	102,757	98,502
Total liabilities and stockholders' equity	$ 857,449	$ 798,543

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Statement of Financial Position [Abstract]
Fair value of investment securities - held to maturity (in Dollars)	$ 73,337	$ 79,914
Allowance for loan losses (in Dollars)	$ 8,378	$ 8,433
Preferred stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	14,000,000	14,000,000
Common stock, shares issued	7,097,825	7,097,825
Common stock, shares outstanding	6,668,572	6,745,128
Treasury stock, shares	429,253	465,693

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest and dividend income
Loans, including fees	$ 9,033	$ 7,018	$ 25,610	$ 20,281
Investment securities and interest earning deposits
Taxable	692	428	1,707	1,023
Tax-exempt	14	11	43	27
Federal Home Loan Bank of New York stock	38	19	92	58
Total interest and dividend income	9,777	7,476	27,452	21,389
Interest expense
Deposits	2,648	420	6,132	1,286
Borrowings	239	92	594	323
Total interest expense	2,887	512	6,726	1,609
Net interest and dividend income	6,890	6,964	20,726	19,780
Provision (credit) for loan losses	(81)	205	432	376
Net interest and dividend income after provision (credit) for loan losses	6,971	6,759	20,294	19,404
Other income
Service charges	392	284	957	860
Income on bank owned life insurance	92	94	278	275
Interest rate swap fees		76	57	76
Other operating income	34	21	75	67
Gains on sales of SBA loans	103	134	485	553
Gains on sale of OREO		67		67
Total other income	621	676	1,852	1,898
Other expenses
Compensation and employee benefits	2,966	2,701	8,773	8,096
Occupancy expenses	803	750	2,355	2,255
Professional fees	188	198	572	856
Data processing expenses	148	136	443	409
Marketing and business development	101	143	344	353
OREO expenses	3	6	28	54
FDIC deposit insurance premiums	96	55	243	161
Loan servicing expenses	67	2	138	86
Other expenses	514	441	1,368	1,293
Total other expenses	4,886	4,432	14,264	13,563
Income before income tax expense	2,706	3,003	7,882	7,739
Income tax expense	788	886	2,358	2,250
Net income	$ 1,918	$ 2,117	$ 5,524	$ 5,489
Earnings per share - basic (in Dollars per share)	$ 0.3	$ 0.31	$ 0.86	$ 0.81
Earnings per share - diluted (in Dollars per share)	$ 0.3	$ 0.31	$ 0.86	$ 0.81
Weighted average shares outstanding - basic (in Shares)	6,412,536	6,799,800	6,426,978	6,797,691
Weighted average shares outstanding - diluted (in Shares)	6,412,536	6,799,800	6,426,978	6,797,691

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Financial Position [Abstract]
Net income	$ 1,918	$ 2,117	$ 5,524	$ 5,489
Other comprehensive income (loss)
Unrealized gain (loss) on securities available for sale	(137)	(490)	247	(1,285)
Other comprehensive income (loss), before tax	(137)	(490)	247	(1,285)
Deferred income tax effect	34	120	(61)	316
Total other comprehensive income (loss)	(103)	(370)	186	(969)
Total comprehensive income	$ 1,815	$ 1,747	$ 5,710	$ 4,520

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Treasury Stock	Unearned ESOP Shares	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Balance at Sep. 30, 2021	$ 71	$ 63,713	$ (1,242)	$ (3,235)	$ 39,281	$ (947)	$ 97,641
Balance (in Shares) at Sep. 30, 2021	7,097,825
Net income					5,489		5,489
Dividends paid on common stock					(1,223)		(1,223)
Other comprehensive loss						(969)	(969)
Common stock acquired by ESOP				(98)			(98)
ESOP shares allocated		(1)		141			140
Balance at Jun. 30, 2022	$ 71	63,712	(1,242)	(3,192)	43,547	(1,916)	100,980
Balance (in Shares) at Jun. 30, 2022	7,097,825
Balance at Mar. 31, 2022	$ 71	63,697	(1,242)	(3,216)	41,634	(1,546)	99,398
Balance (in Shares) at Mar. 31, 2022	7,097,825
Net income					2,117		2,117
Dividends paid on common stock					(204)		(204)
Other comprehensive loss						(370)	(370)
ESOP shares allocated		15		24			39
Balance at Jun. 30, 2022	$ 71	63,712	(1,242)	(3,192)	43,547	(1,916)	100,980
Balance (in Shares) at Jun. 30, 2022	7,097,825
Balance at Sep. 30, 2022	$ 71	63,734	(5,793)	(3,169)	45,773	(2,114)	98,502
Balance (in Shares) at Sep. 30, 2022	6,745,128
Net income					5,524		5,524
Dividends paid on common stock					(1,115)		(1,115)
Other comprehensive loss						186	186
Treasury stock used for restricted stock plan		(13)	13
Treasury stock used for restricted stock plan (in Shares)	1,000
ESOP shares allocated		42		56			98
Retirement of 112,996 treasury shares		(1,242)	1,242
Purchase of treasury stock			(940)				(940)
Purchase of treasury stock (in Shares)	(77,556)
Stock-based compensation expense		502					502
Balance at Jun. 30, 2023	$ 71	63,023	(5,478)	(3,113)	50,182	(1,928)	102,757
Balance (in Shares) at Jun. 30, 2023	6,668,572
Balance at Mar. 31, 2023	$ 71	64,096	(6,504)	(3,129)	48,456	(1,825)	101,165
Balance (in Shares) at Mar. 31, 2023	6,689,790
Net income					1,918		1,918
Dividends paid on common stock					(192)		(192)
Other comprehensive loss						(103)	(103)
ESOP shares allocated		8		16			24
Retirement of 112,996 treasury shares		(1,242)	1,242
Purchase of treasury stock			(216)				(216)
Purchase of treasury stock (in Shares)	(21,218)
Stock-based compensation expense		161					161
Balance at Jun. 30, 2023	$ 71	$ 63,023	$ (5,478)	$ (3,113)	$ 50,182	$ (1,928)	$ 102,757
Balance (in Shares) at Jun. 30, 2023	6,668,572

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Dividends paid	$ 0.03	$ 0.03	$ 0.17	$ 0.18
Treasury shares (in Shares)	112,996		112,996

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities
Net income	$ 5,524	$ 5,489
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	628	627
Premium amortization on investment securities, net	112	148
Provision for loan losses	432	376
Originations of SBA loans held for sale	(5,450)	(4,903)
Proceeds from the sales of SBA loans	5,935	5,456
Gains on sale of SBA loans	(485)	(553)
Gains on the sales of other real estate owned		(67)
Gains on the sale of premises and equipment	(9)
ESOP compensation expense	98	140
Stock-based compensation expense	502
Deferred income tax (benefit) expense	(237)	86
Increase in accrued interest receivable	(665)	(17)
Increase in surrender value of bank owned life insurance	(278)	(275)
Increase in other assets	(57)	(1,015)
Increase (decrease) in accrued interest payable	128	(29)
(Decrease) increase in accounts payable and other liabilities	(1,625)	1,119
Net cash provided by operating activities	4,553	6,582
Investing activities
Net increase in loans receivable	(60,547)	(31,731)
Purchases of loans receivable	(13,350)
Purchases of investment securities held-to-maturity		(39,535)
Principal repayments on investment securities held-to-maturity	7,858	5,886
Principal repayments on investment securities available-for-sale	698	1,523
Purchases of bank owned life insurance		(3,000)
Purchases of premises and equipment	(241)	(246)
Proceeds from the sale of premises and equipment	19
Investment in other real estate owned	(11)	(12)
Proceeds from other real estate owned		434
Purchase of Federal Home Loan Bank stock	(5,747)	(56)
Redemption of Federal Home Loan Bank stock	4,143	363
Net cash used in investing activities	(67,178)	(66,374)
Financing activities
Net increase in deposits	25,739	20,007
Purchase of common stock for ESOP		(98)
Net increase in escrowed funds	500	298
Proceeds from long-term advances	17,000
Repayments of long-term advances	(3,091)	(8,072)
Proceeds from short-term advances	16,000
Cash dividends paid on common stock	(1,115)	(1,223)
Purchase of treasury stock	(940)
Net cash provided by financing activities	54,093	10,912
Net decrease in cash and cash equivalents	(8,532)	(48,880)
Cash and cash equivalents, beginning of year	30,936	75,201
Cash and cash equivalents, end of year	22,404	26,321
Cash paid for
Interest	6,597	1,638
Income taxes	$ 2,800	$ 2,180

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Jun. 30, 2023
Basis of Presentation [Abstract]
BASIS OF PRESENTATION	NOTE A – BASIS OF PRESENTATION The consolidated financial statements include the accounts of Magyar Bancorp, Inc. (the “Company”), its wholly owned subsidiary, Magyar Bank (the “Bank”), and the Bank’s wholly owned subsidiaries Magyar Service Corporation, Hungaria Urban Renewal, LLC, and Magyar Investment Company. All material intercompany transactions and balances have been eliminated. The Company prepares its consolidated financial statements on the accrual basis and in conformity with accounting principles generally accepted in the United States of America ("US GAAP"). The unaudited information furnished herein reflects all adjustments (consisting of normal recurring accruals) that are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Operating results for the nine months ended June 30, 2023 are not necessarily indicative of the results that may be expected for the year ending September 30, 2023. The September 30, 2022 information has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by US GAAP for complete consolidated financial statements. The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of available-for-sale investment securities, the valuation of other real estate owned (“OREO”), and the assessment of realizability of deferred income tax assets. The Company has evaluated events and transactions occurring subsequent to the balance sheet date of June 30, 2023 for items that should potentially be recognized or disclosed in these consolidated financial statements. The evaluation was conducted through the date these consolidated financial statements were issued.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Jun. 30, 2023
Recent Accounting Pronouncements [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE B - RECENT ACCOUNTING PRONOUNCEMENTS In connection with the preparation of quarterly and annual reports in accordance with the Securities and Exchange Commission’s (“SEC”) Securities Exchange Act of 1934, SEC Staff Accounting Bulletin Topic 11.M requires the disclosure of the impact that recently issued accounting standards will have on consolidated financial statements when they are adopted in the future. In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses In October 2019, the FASB voted to defer the effective date of ASU 2016-13 for smaller reporting companies to fiscal years beginning after December 15, 2022 (October 1, 2023 for the Company), and interim periods within those fiscal years. The Company continues to evaluate the impact the new standard will have on the accounting for credit losses. The Company may recognize a one-time cumulative-effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective, consistent with regulatory expectations set forth in interagency guidance issued at the end of 2016. The Company will adopt CECL related to Financial Instruments -Credit Losses (Topic 326) on of October 1, 2023, using a modified retrospective approach. The Company’s implementation Based on analyses performed during the quarter ending June 30, 2023, as well as an implementation analysis utilizing exposures and forecasts of economic conditions as of June 30, 2023, the Company currently expects the adoption of CECL will result in an adjustment to the allowance for credit losses amount at October 1, 2023 in the range of $630,000 to $950,000, which includes unfunded commitments and held to maturity debt securities. The impact will be reflected as a cumulative effect adjustment, net of taxes. At June 30, 2023, the allowance for loan losses totaled $8.4 million. As the Company is currently finalizing the execution of its implementation controls and processes, the ultimate impact of the adoption of CECL as of October 1, 2023 could differ from our current expectation as it is largely dependent on the economic conditions and forecasts determined at the date of adoption, but the cumulative effect adjustment to retained earnings for the change in the allowance for credit losses upon CECL adoption will not have a material effect on the Company’s capital and regulatory capital amounts and ratios. In March 2022, the FASB issued ASU 2022-02, Troubled Debt Restructurings (“TDRs”) and Vintage Disclosures Financial Instruments—Credit Losses (Topic 326). Financial Instruments—Credit Losses—Measured at Amortized Cost

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Jun. 30, 2023
Contingencies [Abstract]
CONTINGENCIES	NOTE C - CONTINGENCIES The Company, from time to time, is a party to routine litigation that arises in the normal course of business. In the opinion of management, the resolution of this litigation, if any, would not have a material adverse effect on the Company’s consolidated financial position or results of operations.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE D - EARNINGS PER SHARE The following table presents a calculation of basic and diluted earnings per share for the three and nine months ended June 30, 2023 and 2022. Basic and diluted earnings per share were calculated by dividing net income by the weighted-average number of shares outstanding for the periods. Three Months Ended Nine Months Ended June 30, June 30, 2023 2022 2023 2022 (Dollars in thousands, except share and per share data) Income applicable to common shares $ 1,918 $ 2,117 $ 5,524 $ 5,489 Weighted average shares outstanding - basic 6,412,536 6,799,800 6,426,978 6,797,691 Weighted average shares outstanding - diluted 6,412,536 6,799,800 6,426,978 6,797,691 Earnings per share - basic $ 0.30 $ 0.31 $ 0.86 $ 0.81 Earnings per share - diluted $ 0.30 $ 0.31 $ 0.86 $ 0.81 Options to purchase 293,200 shares of common stock at a weighted average strike price of $12.58 and 155,400 shares of restricted shares at a weighted average price of $12.63 were outstanding at June 30, 2023 but were not included in the calculation of diluted EPS because they were anti-dilutive. There were no outstanding stock awards or options to purchase common stock at June 30, 2022.

STOCK-BASED COMPENSATION AND ST

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM	9 Months Ended
	Jun. 30, 2023
Stock-Based Compensation and Stock Repurchase Program [Abstract]
STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM	NOTE E – STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM On August 25, 2022, the Company adopted the 2022 Equity Compensation Plan which provided for grants of up to 547,400 shares to be allocated between incentive and non-qualified stock options and restricted stock awards to officers, employees and directors of the Company and Magyar Bank. At June 30, 2023, 293,200 options and 155,400 shares of restricted stock had been awarded from the plan. The following is a summary of the status of the Company’s stock option activity and related information for its option plan for the nine months ended June 30, 2023: Shares Weighted Weighted Aggregate Value Balance at September 30, 2022 293,200 $ 12.58 10.0 $ — Granted — — — — Exercised — — — — Forfeited — — — — Expired — — — — Balance at June 30, 2023 293,200 $ 12.58 9.2 — Exercisable at June 30, 2023 — $ — — — The following is a summary of the status of the Company’s non-vested restricted shares for the nine months ended June 30, 2023: Shares Weighted Balance at September 30, 2022 156,400 12.63 Granted — — Vested (1,000 ) 12.70 Forfeited — — Balance at June 30, 2023 155,400 $ 12.63 Stock option and stock award expenses included with compensation expense were $63,000 and $98,000 for the three months ended June 30, 2023 and $195,000 and $307,000 for the nine months ended June 30, 2023, respectively. There were no stock option or stock award expenses for the nine months ended June 30, 2022. The Company had no other stock-based compensation plans as of June 30, 2023 except as disclosed below. On December 8, 2022, the Company announced the completion of its third stock repurchase program, under which 354,891 shares had been repurchased at an average price of $12.90. The Company also announced the authorization of an additional stock repurchase plan pursuant to which the Company intends to repurchase up to an additional 5% of its outstanding shares, or up to 337,146 shares, under which 75,362 shares had been repurchased at an average price of $12.11. Under this stock repurchase program, 261,784 shares of the 337,146 shares authorized remained available for repurchase as of June 30, 2023. The Company’s intended use of the repurchased shares is for general corporate purposes. The Company held treasury stock shares totaling 429,253 at June 30, 2023. The timing of the repurchases will depend on certain factors, including but not limited to, market conditions and prices, the Company’s liquidity requirements and alternative uses of capital. The Company has an Employee Stock Ownership Plan ("ESOP") for the benefit of employees who meet certain eligibility requirements. The ESOP trust purchases shares of common stock in the open market using proceeds of a loan from the Company. The loan is secured by shares of the Company’s stock. The Bank makes cash contributions to the ESOP on an annual basis sufficient to enable the ESOP to make the required loan payments to the Company. As the debt is repaid, shares are released as collateral and allocated to qualified employees. Accordingly, the shares pledged as collateral are reported as unearned ESOP shares in the Consolidated Balance Sheets. The Company accounts for its ESOP in accordance with FASB ASC Topic 718, “Employer’s Accounting for Employee Stock Ownership Plans.” As shares are released from collateral, the Company reports compensation expense equal to the current market price of the shares, and the shares become outstanding for earnings per share computations. In connection with the Company’s second-step stock offering during its fiscal year ending September 30, 2021, the ESOP trustees purchased 312,800 shares of the Company’s common stock for $3.4 million, reflecting an average cost per share of $10.77. The ESOP loan bears a variable interest rate that adjusts annually to Prime Rate (7.50% on January 1, 2023) with principal and interest payable annually in equal installments over thirty years. At June 30, 2023, ESOP shares allocated to participants totaled 22,487. Unallocated ESOP shares held in suspense totaled 290,313 at June 30, 2023 and the aggregate fair value was $3.0 million. The Company's contribution expense for the ESOP was $98,000 and $140,000 for the nine months ended June 30, 2023 and 2022, respectively.

OTHER COMPREHENSIVE INCOME (LOS

OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Jun. 30, 2023
Other Comprehensive Income (Loss) [Abstract]
OTHER COMPREHENSIVE INCOME (LOSS)	NOTE F – OTHER COMPREHENSIVE INCOME (LOSS) The Company recorded no reclassification adjustments during the three and nine month periods ending June 30, 2023. The components of other comprehensive income (loss) and the related income tax effects are as follows: Three Months Ended June 30, 2023 2022 Tax Net of Tax Net of Before Tax (Benefit) Tax Before Tax (Benefit) Tax Amount Expense Amount Amount Expense Amount (In thousands) Unrealized holding gain (loss) arising during period on: Available-for-sale investments $ (137 ) $ 34 $ (103 ) $ (490 ) $ 120 $ (370 ) Other comprehensive income (loss), net $ (137 ) $ 34 $ (103 ) $ (490 ) $ 120 $ (370 ) Nine Months Ended June 30, 2023 2022 Tax Net of Tax Net of Before Tax (Benefit) Tax Before Tax (Benefit) Tax Amount Expense Amount Amount Expense Amount (In thousands) Unrealized holding gain (loss) arising during period on: Available-for-sale investments $ 247 $ (61 ) $ 186 $ (1,285 ) $ 316 $ (969 ) Other comprehensive income (loss), net $ 247 $ (61 ) $ 186 $ (1,285 ) $ 316 $ (969 )

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	9 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE DISCLOSURES	NOTE G – FAIR VALUE DISCLOSURES The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The securities available-for-sale and the Company’s derivative assets and liabilities are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets or liabilities on a non-recurring basis, such as held-to-maturity securities, mortgage servicing rights, loans receivable and OREO. These non-recurring fair value adjustments involve the application of lower-of-cost-or-market accounting or write-downs of individual assets. In accordance with ASC 820, the Company groups its assets and liabilities at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1 Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of option pricing models, discounted cash flow models and similar techniques. The results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or liability. The Company based its fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following is a description of valuation methodologies used for assets measured at fair value on a recurring basis. Securities available-for-sale The securities available-for-sale portfolio is carried at estimated fair value on a recurring basis, with any unrealized gains and losses, net of taxes, reported as accumulated other comprehensive income/loss in stockholders’ equity. The securities available-for-sale portfolio consists of U.S government-sponsored mortgage-backed securities. The fair values of these securities are obtained from an independent nationally recognized pricing service. An independent pricing service provides the Company with prices which are categorized as Level 2, as quoted prices in active markets for identical assets are generally not available for the securities in the Company’s portfolio. Various modeling techniques are used to determine pricing for Company’s mortgage-backed securities, including option pricing and discounted cash flow models. The inputs to these models include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. Derivatives Magyar Bank executes interest rate swaps with commercial lending customers to facilitate their respective risk management strategies. The fair values of such derivatives are based on valuation models from a third party using current market terms (including interest rates and fees), the remaining terms of the agreements and the credit worthiness of the counter party as of the measurement date (Level 2). The following tables provide the level of valuation assumptions used to determine the carrying value of the Company’s assets measured at fair value on a recurring basis. June 30, 2023 Total Level 1 Level 2 Level 3 Assets: (In thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 100 $ — $ 100 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 8,634 — 8,634 — Total securities available for sale $ 8,734 $ — $ 8,734 $ — Derivative assets 2,383 — 2,383 — Total assets $ 11,117 $ — $ 11,117 $ — Liabilities: Derivative liabilities $ 2,383 $ — $ 2,383 $ — Total Liabilities $ 2,383 $ — $ 2,383 $ — September 30, 2022 Total Level 1 Level 2 Level 3 Assets: Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 107 $ — $ 107 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 9,122 — 9,122 — Total securities available for sale $ 9,229 $ — $ 9,229 $ — Derivative assets 2,487 — 2,487 — Total assets $ 11,716 $ — $ 11,716 $ — Liabilities: Derivative liabilities $ 2,487 $ — $ 2,487 $ — Total Liabilities $ 2,487 $ — $ 2,487 $ — The following is a description of valuation methodologies used for assets measured at fair value on a non-recurring basis. Impaired Loans Loans which meet certain criteria are evaluated individually for impairment. A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. All amounts due according to the contractual terms means that both the contractual interest and principal payments of a loan will be collected as scheduled in the loan agreement. Three impairment measurement methods are used, depending upon the collateral securing the asset: 1) the present value of expected future cash flows discounted at the loan’s effective interest rate (the rate of return implicit in the loan); 2) the asset’s observable market price; or 3) the fair value of the collateral, less anticipated selling and disposition costs, if the asset is collateral dependent. The regulatory agencies require the last method for loans from which repayment is expected to be provided solely by the underlying collateral. The Company’s impaired loans are generally collateral dependent and, as such, are carried at the estimated fair value of the collateral less estimated selling costs. Fair value is estimated through current appraisals, and adjusted by management as necessary, to reflect current market conditions and, as such, are generally classified as Level 3. Appraisals of collateral securing impaired loans are conducted by approved, qualified, and independent third-party appraisers. Such appraisals are ordered via the Company’s credit administration department, independent from the lender who originated the loan, once the loan is deemed impaired, as described in the previous paragraph. Impaired loans are generally re-evaluated with an updated appraisal within one year of the last appraisal. The Company discounts the appraised “as is” value of the collateral for estimated selling and disposition costs and compares the resulting fair value of collateral to the outstanding loan amount. If the outstanding loan amount is greater than the discounted fair value, the Company requires a reduction in the outstanding loan balance or additional collateral before considering an extension to the loan. If the borrower is unwilling or unable to reduce the loan balance or increase the collateral securing the loan, it is deemed impaired and the difference between the loan amount and the fair value of collateral, net of estimated selling and disposition costs, is charged off through a reduction of the allowance for loan loss. The following tables provide the level of valuation assumptions used to determine the carrying value of the Company’s assets measured at fair value on a non-recurring basis at June 30, 2023 and September 30, 2022. June 30, 2023 Total Level 1 Level 2 Level 3 (In thousands) Impaired loans $ 777 $ — $ — $ 777 Total $ 777 $ — $ — $ 777 September 30, 2022 Total Level 1 Level 2 Level 3 (In thousands) Impaired loans $ 5,659 $ — $ — $ 5,659 Total $ 5,659 $ — $ — $ 5,659 The following tables present additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Company has utilized Level 3 inputs to determine fair value: Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation June 30, 2023 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 777 Appraisal of collateral (1) Appraisal adjustments (2) -50% to -8.0% (-19.4%) Fair Value Valuation September 30, 2022 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 5,659 Appraisal of collateral (1) Appraisal adjustments (2) 0% to -31.7% (-9.9%) (1) Fair value is generally determined through independent appraisals for the underlying collateral, which generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments carried at cost or amortized cost as of June 30, 2023 and September 30, 2022. For short-term financial assets such as cash and cash equivalents and accrued interest receivable, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as interest-bearing demand, NOW, and money market savings deposits, the carrying amount is a reasonable estimate of fair value due to these products being payable on demand and having no stated maturity. Carrying Fair Fair Value Measurement Placement Value Value (Level 1) (Level 2) (Level 3) (In thousands) June 30, 2023 Financial instruments - assets Investment securities held to maturity $ 83,720 $ 73,337 $ — $ 73,337 $ — Loans 693,308 666,752 — — 666,752 Financial instruments - liabilities Certificates of deposit including retirement certificates 103,375 102,959 — 102,959 — Borrowings 45,534 44,567 — 44,567 — September 30, 2022 Financial instruments - assets Investment securities held-to-maturity $ 91,646 $ 79,914 $ — $ 79,914 $ — Loans 619,843 592,804 — — 592,804 Financial instruments - liabilities Certificates of deposit 82,609 81,289 — 81,289 — Borrowings 15,625 14,762 — 14,762 —

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Jun. 30, 2023
Investments Securities [Abstract]
INVESTMENT SECURITIES	NOTE H - INVESTMENT SECURITIES The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity at June 30, 2023: Gross Gross Amortized Unrealized Unrealized Fair June 30, 2023 Cost Gains Losses Value (In thousands) Securities available-for-sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 109 $ — $ (9 ) $ 100 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 10,296 — (1,662 ) 8,634 Total securities available-for-sale $ 10,405 $ — $ (1,671 ) $ 8,734 Securities held-to-maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 5,197 $ — $ (731 ) $ 4,466 Mortgage-backed securities - commercial 584 — (2 ) 582 Obligations of U.S. government-sponsored enterprises: Mortgage-backed-securities - residential 46,422 — (7,093 ) 39,329 Debt securities 24,835 — (1,954 ) 22,881 Private label mortgage-backed securities - residential 211 — (11 ) 200 Obligations of state and political subdivisions 3,471 3 (398 ) 3,076 Corporate securities 3,000 — (197 ) 2,803 Total securities held-to-maturity $ 83,720 $ 3 $ (10,386 ) $ 73,337 Total investment securities $ 94,125 $ 3 $ (12,057 ) $ 82,071 The contractual maturities of debt securities, municipal bonds and certain information regarding mortgage-backed securities available-for-sale and held-to-maturity at June 30, 2023 are summarized in the following table: June 30, 2023 Amortized Fair Securities available-for-sale Cost Value (In thousands) Due within 1 year $ — $ — Due after 1 but within 5 years — — Due after 5 but within 10 years — — Due after 10 years — — Total debt securities — — Mortgage-backed securities: Residential 10,405 8,734 Commercial — — Total $ 10,405 $ 8,734 June 30, 2023 Amortized Fair Securities held-to-maturity Cost Value (In thousands) Due within 1 year $ 7,836 $ 7,652 Due after 1 but within 5 years 18,527 16,926 Due after 5 but within 10 years 4,943 4,182 Due after 10 years — — Total debt securities 31,306 28,760 Mortgage-backed securities: Residential 51,830 43,995 Commercial 584 582 Total $ 83,720 $ 73,337 The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity at September 30, 2022: Gross Gross Amortized Unrealized Unrealized Fair September 30, 2022 Cost Gains Losses Value (In thousands) Securities available-for-sale: Obligations of U.S. government agencies: Mortgage backed securities - residential $ 118 $ — $ (11 ) $ 107 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 11,029 — (1,907 ) 9,122 Total securities available for sale $ 11,147 $ — $ (1,918 ) $ 9,229 Securities held-to-maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 5,525 $ — $ (717 ) $ 4,808 Mortgage-backed securities - commercial 631 — — 631 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 48,961 12 (7,548 ) 41,425 Debt securities 24,821 — (2,395 ) 22,426 Private label mortgage-backed securities - residential 224 — (10 ) 214 Obligations of state and political subdivisions 3,484 — (638 ) 2,846 Corporate securities 8,000 — (436 ) 7,564 Total securities held to maturity $ 91,646 $ 12 $ (11,744 ) $ 79,914 Total investment securities $ 102,793 $ 12 $ (13,662 ) $ 89,143 As of June 30, 2023 investment securities having an estimated fair value of approximately $12.8 million were pledged to secure public deposits.

IMPAIRMENT OF INVESTMENT SECURI

IMPAIRMENT OF INVESTMENT SECURITIES	9 Months Ended
	Jun. 30, 2023
Impairment of Investment Securities [Abstract]
IMPAIRMENT OF INVESTMENT SECURITIES	NOTE I – IMPAIRMENT OF INVESTMENT SECURITIES The Company recognizes credit-related other-than-temporary impairment on debt securities in earnings while noncredit-related other-than-temporary impairment on debt securities not expected to be sold are recognized in other comprehensive income. The Company reviews its investment portfolio on a quarterly basis for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the financial condition and near-term prospects of the issuer, including any specific events which may influence the operations of the issuer and the intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in the market. The Company evaluates its intent and ability to hold debt securities based upon its investment strategy for the particular type of security and its cash flow needs, liquidity position, capital adequacy and interest rate risk position. In addition, the risk of future other-than-temporary impairment may be influenced by prolonged recession in the U.S. economy, changes in real estate values and interest deferrals. Investment securities with fair values greater than their amortized cost contain unrealized gains. Investment securities with fair values less than their amortized cost contain unrealized losses. Details of securities with unrealized losses at June 30, 2023 and September 30, 2022 are as follows: Less Than 12 Months 12 Months Or Greater Total Number of Fair Unrealized Fair Unrealized Fair Unrealized Securities Value Losses Value Losses Value Losses June 30, 2023 (Dollars in thousands) Obligations of U.S. government agencies: Mortgage-backed securities - residential 6 $ — $ — $ 4,567 $ (740 ) $ 4,567 $ (740 ) Mortgage-backed securities - commercial 1 — — 582 (2 ) 582 (2 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 50 442 (18 ) 47,521 (8,737 ) 47,963 (8,755 ) Debt securities 14 — — 22,881 (1,954 ) 22,881 (1,954 ) Private label mortgage-backed securities residential 1 — — 200 (11 ) 200 (11 ) Obligations of state and political subdivisions 6 522 (6 ) 2,245 (392 ) 2,767 (398 ) Corporate securities 1 — — 2,804 (197 ) 2,804 (197 ) Total 79 $ 964 $ (24 ) $ 80,800 $ (12,033 ) $ 81,764 $ (12,057 ) September 30, 2022 Obligations of U.S. government agencies: Mortgage-backed securities - residential 6 $ 2,364 $ (140 ) $ 2,551 $ (588 ) $ 4,915 $ (728 ) Mortgage-backed securities - commercial 1 631 — — — 631 — Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 49 21,180 (2,795 ) 29,088 (6,660 ) 50,268 (9,455 ) Debt securities 14 11,664 (660 ) 10,763 (1,735 ) 22,427 (2,395 ) Private label mortgage-backed securities residential 1 215 (10 ) — — 215 (10 ) Obligations of state and political subdivisions 7 1,268 (181 ) 1,577 (457 ) 2,845 (638 ) Corporate securities 2 2,646 (353 ) 4,917 (83 ) 7,563 (436 ) Total 80 $ 39,968 $ (4,139 ) $ 48,896 $ (9,523 ) $ 88,864 $ (13,662 ) The investment securities listed above currently have fair values less than amortized cost and therefore contain unrealized losses. The Company evaluated these securities and determined that the decline in value was primarily related to fluctuations in the interest rate environment and were not related to any company or industry specific event. The Company anticipates full recovery of amortized costs with respect to these securities. The Company does not intend to sell these securities and has determined that it is not more likely than not that the Company would be required to sell these securities prior to maturity or market price recovery. Management has considered factors regarding other than temporarily impaired securities and determined that there are no securities with impairment that is other than temporary as of June 30, 2023 and September 30, 2022.

LOANS RECEIVABLE, NET AND RELAT

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES	NOTE J – LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES Loans receivable, net were comprised of the following: June 30, September 30, 2023 2022 (In thousands) One-to-four family residential $ 236,633 $ 214,377 Commercial real estate 402,349 342,791 Construction 19,249 15,230 Home equity lines of credit 18,737 18,704 Commercial business 23,129 34,672 Other 2,433 3,130 Total loans receivable 702,530 628,904 Net deferred loan fees (844 ) (628 ) Allowance for loan losses (8,378 ) (8,433 ) Total loans receivable, net $ 693,308 $ 619,843 The segments of the Company’s loan portfolio are disaggregated to a level that allows management to monitor risk and performance. The residential mortgage loan segment is further disaggregated into two classes: first lien, amortizing term loans, and the combination of second lien amortizing term loans and home equity lines of credit. The commercial loan segment is further disaggregated into three classes: loans secured by multifamily structures, loans secured by owner-occupied commercial structures, and loans secured by non-owner occupied nonresidential properties. The construction loan segment consists primarily of developers or investors for the purpose of acquiring, developing and constructing residential or commercial structures and to a lesser extent one-to-four family residential construction loans made to individuals for the acquisition of and/or construction on a lot or lots on which a residential dwelling is to be built. Construction loans to developers and investors have a higher risk profile because the ultimate buyer, once development is completed, is generally not known at the time of the loan. The commercial business loan segment consists of loans made for the purpose of financing the activities of commercial customers and consists primarily of revolving lines of credit. The consumer loan segment consists primarily of stock-secured installment loans, but also includes unsecured personal loans and overdraft lines of credit connected with customer deposit accounts. Management evaluates individual loans in all segments for possible impairment if the loan either is in nonaccrual status, or is risk rated Substandard and is 90 days or more past due. Loans are considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in evaluating impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Once the determination has been made that a loan is impaired, the recorded investment in the loan is compared to the fair value of the loan using one of three methods: (a) the present value of expected future cash flows discounted at the loan’s effective interest rate; (b) the loan’s current observable market price; or (c) the fair value of the collateral securing the loan, less anticipated selling and disposition costs. The method is selected on a loan-by loan basis, with management primarily utilizing the fair value of collateral method. If there is a shortfall between the fair value of the loan and the recorded investment in the loan, the Company charges the difference to the allowance for loan loss as a charge-off and carries the impaired loan on its books at fair value. It is the Company’s policy to evaluate impaired loans on an annual basis to ensure the recorded investment in a loan does not exceed its fair value. The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary for the periods presented: Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal Investment Allowance Investment Investment Balance June 30, 2023 (In thousands) One-to-four family residential $ — $ — $ 1,788 $ 1,788 $ 1,788 Commercial real estate — — 1,138 1,138 1,138 Construction — — 777 777 842 Commercial business — — 148 148 148 Total impaired loans $ — $ — $ 3,851 $ 3,851 $ 3,916 September 30, 2022 One-to four-family residential $ — $ — $ 1,512 $ 1,512 $ 1,512 Commercial real estate — — 1,159 1,159 1,159 Construction 2,835 114 — 2,835 2,900 Commercial business — — 153 153 153 Total impaired loans $ 2,835 $ 114 $ 2,824 $ 5,659 $ 5,724 The Company’s impaired loans include delinquent non-accrual loans and performing Troubled Debt Restructurings (“TDRs”), as TDRs remain impaired loans until fully repaid. There was one TDR loan totaling $106,000 during the nine months ended June 30, 2023 and there were two TDR loans totaling $373,000 during the nine months ended June 30, 2022. The following tables present the average recorded investment in impaired loans and the interest income recognized on impaired loans for the three and nine months ended June 30, 2023 and 2022. Three Months Ended Nine Months Ended June 30, 2023 June 30, 2023 (In thousands) One-to-four family residential $ 1,777 $ 1,645 Commercial real estate 1,142 1,220 Construction 1,806 2,149 Commercial business 342 312 Average investment in impaired loans $ 5,067 $ 5,326 Interest income recognized on an accrual basis on impaired loans One-to-four family residential $ 22 $ 64 Commercial real estate 13 39 Commercial business 2 5 Total $ 37 $ 108 Three Months Ended Nine Months Ended June 30, 2022 June 30, 2022 (In thousands) One-to-four family residential $ 1,531 $ 1,760 Commercial real estate 1,174 1,516 Construction 4,580 4,580 Commercial business 829 1,055 Average investment in impaired loans $ 8,114 $ 8,911 Interest income recognized on an accrual basis on impaired loans One-to-four family residential $ 21 $ 63 Commercial real estate 23 71 Commercial business 2 5 Total $ 46 $ 139 Management uses a ten point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first six categories are considered not criticized, and are aggregated as “Pass” rated. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. Loans classified Doubtful have all the weaknesses inherent in loans classified Substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Company has a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as severe delinquency, bankruptcy, repossession, or death occurs to raise awareness of a possible credit event. The Company’s Commercial Loan Officers are responsible for the timely and accurate risk rating of the loans in their portfolios at origination and on an ongoing basis. The Company’s Asset Review Committee performs monthly reviews of all commercial relationships internally rated 6 (“Watch”) or worse. Confirmation of the appropriate risk grade is performed by an external loan review company that semi-annually reviews and assesses loans within the portfolio. Generally, the external consultant reviews commercial relationships greater than $500,000 and/or criticized relationships greater than $250,000. Detailed reviews, including plans for resolution, are performed on loans classified as Substandard on a monthly basis. The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the Company’s internal risk rating system for the periods presented: Special Pass Mention Substandard Doubtful Total (In thousands) June 30, 2023 One-to-four family residential $ 235,248 $ 962 $ 423 $ — $ 236,633 Commercial real estate 401,962 — 387 — 402,349 Construction 16,752 — 2,497 — 19,249 Home equity lines of credit 18,737 — — — 18,737 Commercial business 23,129 — — — 23,129 Other 2,433 — — — 2,433 Total $ 698,261 $ 962 $ 3,307 $ — $ 702,530 September 30, 2022 One-to-four family residential $ 213,173 $ 980 $ 224 $ — $ 214,377 Commercial real estate 342,593 198 — — 342,791 Construction 10,652 — 4,578 — 15,230 Home equity lines of credit 18,704 — — — 18,704 Commercial business 34,672 — — — 34,672 Other 3,130 — — — 3,130 Total $ 622,924 $ 1,178 $ 4,802 $ — $ 628,904 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans for the periods presented: 30-59 60-89 Days Days 90 Days + Total Non- Total Current Past Due Past Due Past Due Past Due Accrual Loans (Dollars in thousands) June 30, 2023 One-to-four family residential $ 236,093 $ — $ 369 $ 171 $ 540 $ 171 $ 236,633 Commercial real estate 399,621 — 116 2,612 2,728 2,612 402,349 Construction 18,472 — — 777 777 777 19,249 Home equity lines of credit 18,737 — — — — — 18,737 Commercial business 23,109 — 20 — 20 — 23,129 Other 2,433 — — — — — 2,433 Total $ 698,465 $ — $ 505 $ 3,560 $ 4,065 $ 3,560 $ 702,530 September 30, 2022 One-to four-family residential $ 213,903 $ 300 $ 174 $ — $ 474 $ — $ 214,377 Commercial real estate 342,404 — 387 — 387 — 342,791 Construction 12,395 — — 2,835 2,835 2,835 15,230 Home equity lines of credit 18,704 — — — — — 18,704 Commercial business 34,672 — — — — — 34,672 Other 3,130 — — — — — 3,130 Total $ 625,208 $ 300 $ 561 $ 2,835 $ 3,696 $ 2,835 $ 628,904 An allowance for loan losses (“ALL”) is maintained to absorb losses from the loan portfolio. The ALL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated loss experience, and the amount of non-performing loans. The Company’s methodology for determining the ALL is based on the requirements of ASC Section 310-10-35 for loans individually evaluated for impairment (discussed above) and ASC Subtopic 450-20 for loans collectively evaluated for impairment, as well as the Interagency Policy Statements on the Allowance for Loan and Lease Losses and other bank regulatory guidance. Loans that are collectively evaluated for impairment are analyzed with general allowances being made as appropriate. For general allowances, historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are modified by other qualitative and economic factors. The loans are segmented into classes based on their inherent varying degrees of risk, as described above. Management tracks the historical net charge-off activity by segment and utilizes this figure, as a percentage of the segment, as the general reserve percentage for pooled, homogenous loans that have not been deemed impaired. Typically, an average of losses incurred over five historical years is used. Non-impaired credits are segregated for the application of qualitative factors. Management has identified a number of additional qualitative factors which it uses to supplement the historical charge-off factor because these factors are likely to cause estimated credit losses associated with the existing loan pools to differ from historical loss experience. The additional factors that are evaluated quarterly and updated using information obtained from internal, regulatory, and governmental sources include: national and local economic trends and conditions; levels of and trends in delinquency rates and non-accrual loans; trends in volumes and terms of loans; effects of changes in lending policies; experience, ability, and depth of lending staff; value of underlying collateral; and concentrations of credit from a loan type, industry and/or geographic standpoint. Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the ALL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALL. Since loans individually evaluated for impairment are promptly written down to their fair value, typically there is no portion of the ALL for loans individually evaluated for impairment. The following table summarizes the ALL by loan category and the related activity for the nine months ended June 30, 2023 and 2022: One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Balance- September 30, 2022 $ 1,223 $ 4,612 $ 461 $ 263 $ 1,484 $ 1 $ 389 $ 8,433 Charge-offs — — — — — — — — Recoveries — — — — — — — — Provision (credit) 12 518 65 (7 ) (109 ) — (162 ) 317 Balance- December 31, 2022 $ 1,235 $ 5,130 $ 526 $ 256 $ 1,375 $ 1 $ 227 $ 8,750 Charge-offs — — — — (102 ) — — (102 ) Recoveries — — — — — — — — Provision (credit) 35 280 (58 ) (10 ) 62 — (113 ) 196 Balance- March 31, 2023 $ 1,270 $ 5,410 $ 468 $ 246 $ 1,335 $ 1 $ 114 $ 8,844 Charge-offs — — — — (386 ) — — (386 ) Recoveries 1 — — — — — — 1 Provision (credit) (102 ) (318 ) (21 ) (15 ) (41 ) — 416 (81 ) Balance- June 30, 2023 $ 1,169 $ 5,092 $ 447 $ 231 $ 908 $ 1 $ 530 $ 8,378 One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Balance- September 30, 2021 $ 1,136 $ 3,744 $ 594 $ 232 $ 2,046 $ 15 $ 308 $ 8,075 Charge-offs — — — — — — — — Recoveries — 53 — — — — — 53 Provision (credit) (43 ) (90 ) 130 — 83 (14 ) 35 100 Balance- December 31, 2021 $ 1,093 $ 3,706 $ 724 $ 232 $ 2,129 $ 1 $ 343 $ 8,228 Charge-offs — — — — — — — — Recoveries 1 — — — — — — 1 Provision (credit) 19 376 79 (12 ) (290 ) 1 (102 ) 71 Balance- March 31, 2022 $ 1,113 $ 4,082 $ 803 $ 220 $ 1,839 $ 2 $ 241 $ 8,300 Charge-offs — — — — — — — — Recoveries — — — — — — — — Provision (credit) 35 334 (196 ) 5 (62 ) (1 ) 90 205 Balance- June 30, 2022 $ 1,148 $ 4,416 $ 607 $ 225 $ 1,777 $ 1 $ 331 $ 8,505 The following tables summarize the ALL by loan category, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of June 30, 2023 and September 30, 2022: One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Allowance for Loan Losses: Balance - June 30, 2023 $ 1,169 $ 5,092 $ 447 $ 231 $ 908 $ 1 $ 530 $ 8,378 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 1,169 5,092 447 231 908 1 530 8,378 Loans receivable: Balance - June 30, 2023 $ 236,633 $ 402,349 $ 19,249 $ 18,737 $ 23,129 $ 2,433 $ — $ 702,530 Individually evaluated for impairment 1,788 1,138 777 — 148 — — 3,851 Collectively evaluated for impairment 234,845 401,211 18,472 18,737 22,981 2,433 — 698,679 One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Allowance for Loan Losses: Balance - September 30, 2022 $ 1,223 $ 4,612 $ 461 $ 263 $ 1,484 $ 1 $ 389 $ 8,433 Individually evaluated for impairment — — 114 — — — — 114 Collectively evaluated for impairment 1,223 4,612 347 263 1,484 1 389 8,319 Loans receivable: Balance - September 30, 2022 $ 214,377 $ 342,791 $ 15,230 $ 18,704 $ 34,672 $ 3,130 $ — $ 628,904 Individually evaluated for impairment 1,512 1,159 2,835 — 153 — — 5,659 Collectively evaluated for impairment 212,865 341,632 12,395 18,704 34,519 3,130 — 623,245 The allowance for loan losses is based on estimates, and actual losses will vary from current estimates. Management believes that the segmentation of the loan portfolio into homogeneous pools and the related historical loss ratios and other qualitative factors, as well as the consistency in the application of assumptions, result in an ALL that is representative of the risk found in the components of the portfolio at any given date. A TDR is a loan that has been modified whereby the Bank has agreed to make certain concessions to a borrower to meet the needs of both the borrower and the Bank to maximize the ultimate recovery of a loan. TDR occurs when a borrower is experiencing, or is expected to experience, financial difficulties and the loan is modified using a modification that would otherwise not be granted to the borrower. The types of concessions granted generally include, but are not limited to, interest rate reductions, limitations on the accrued interest charged, term extensions, and deferment of principal. A default on a TDR loan for purposes of this disclosure occurs when a borrower is 90 days past due or a foreclosure or repossession of the applicable collateral has occurred within twelve months of the restructure. The Company did not have any TDR loans default during the three or nine months ended June 30, 2023. There was one TDR loan modification totaling $106,000 during the nine months ended June 30, 2023. Information on the TDR is summarized as follows: Three Months Ended June 30, 2023 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential — $ — $ — Total — $ — $ — Nine Months Ended June 30, 2023 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential 1 $ 97 $ 106 Total 1 $ 97 $ 106 There was one TDR loan totaling $124,000 for the three months ended June 30, 2022, and there were two TDR loans totaling $373,000 during the nine months ended June 30, 2022. Information on the TDR loans are summarized as follows: Three Months Ended June 30, 2022 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential 1 112 124 Total 1 $ 112 $ 124 Nine Months Ended June 30, 2022 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential 2 330 373 Total 2 $ 330 $ 373

DEPOSITS

DEPOSITS	9 Months Ended
	Jun. 30, 2023
Deposits [Abstract]
DEPOSITS	NOTE K - DEPOSITS A summary of deposits by type of account are summarized as follows: June 30, September 30, 2023 2022 (In thousands) Demand accounts $ 182,924 $ 182,417 Savings accounts 65,470 81,850 NOW accounts 93,833 98,643 Money market accounts 247,870 222,214 Certificates of deposit 91,528 69,929 Retirement certificates 11,847 12,680 Total deposits $ 693,472 $ 667,733 Included in Company’s deposits at June 30, 2023 were $18.8 million in brokered certificates of deposits and $15.5 million in certificate of deposits through a national deposit listing service. At September 30, 2022 the Company had $6.0 million in brokered certificates of deposits and $14.6 million in certificate of deposits obtained from a national deposit listing service. The current FDIC insurance limit on bank deposit accounts is $250,000 per separately insured deposit account. The aggregate amount of deposit accounts with a denomination of $250,000 or more was approximately $388.5 million at June 30, 2023 compared with $399.9 million at September 30, 2022. The portion of these accounts included in the Company’s total deposits was an estimated $95.4 million that exceeded the Federal Deposit Insurance Corporation’s insurance coverage limit of $250,000 at June 30, 2023 compared to $129.4 million at September 30, 2022. The aggregate amount of deposit accounts of State and local municipalities was $200.9 million at June 30, 2023 compared with $140.6 million at September 30, 2022. There were $194.4 million and $139.3 million State and local municipality deposits in excess of $250,000 at June 30, 2023 and September 30, 2022, which are collateralized by investment securities and municipal letters of credit with the Federal Home Loan Bank of New York (FHLBNY”).

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	9 Months Ended
	Jun. 30, 2023
Financial Instruments With Off-Balance Sheet Risk [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	NOTE L - FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK The Company may use derivative financial instruments, such as interest rate swaps and interest rate floors and caps, as part of its interest rate risk management. Interest rate caps and floors are agreements whereby one party agrees to pay or receive a floating rate of interest on a notional principal amount for a predetermined period of time if certain market interest rate thresholds are met. The Company considers the credit risk inherent in these contracts to be negligible. As of June 30, 2023, the Company did not hold any interest rate floors or collars. The Company is a party to interest rate derivatives that are not designated as hedging instruments. Under a program, the Company executes interest rate swaps with commercial lending customers to facilitate their respective risk management strategies. These interest rate swaps with customers are simultaneously offset by interest rate swaps that the Company executes with a third-party financial institution, such that the Company minimizes its net risk exposure resulting from such transactions. Because the interest rate swaps associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. The changes in the fair value of the swaps offset each other, except for the credit risk of the counterparties, which is determined by taking into consideration the risk rating, probability of default and loss given default for all counterparties. The Company was not required to pledge any collateral for its interest rate swaps with financial institutions at June 30, 2023 and September 30, 2022. The following table presents summary information regarding these derivatives as of June 30, 2023 and September 30, 2022. Notional Average Weighted Weighted Average Fair Value (Dollars in thousands) June 30, 2023 Classified in Other Assets: Customer interest rate swaps $ 36,294 4.4 4.95 % 1 Mo. BSBY + 2.44 $ 2,383 Total $ 36,294 4.4 4.95 % $ 2,383 Classified in Other Liabilities: 3rd Party interest rate swaps $ 36,294 4.4 4.95 % 1 Mo. BSBY + 2.44 $ 2,383 Total $ 36,294 4.4 4.95 % $ 2,383 September 30, 2022 Classified in Other Assets: Customer interest rate swaps $ 19,512 5.9 3.63 % 1 Mo. LIBOR + 2.50 $ 2,275 $ 6,940 4.6 6.13 % 1 Mo. BSBY + 3.00 $ 212 Total $ 26,452 5.2 4.88 % $ 2,487 Classified in Other Liabilities: 3rd Party interest rate swaps $ 19,512 5.9 3.63 % 1 Mo. LIBOR + 2.50 $ 2,275 $ 6,940 4.6 6.13 % 1 Mo. BSBY + 3.00 $ 212 Total $ 26,452 5.2 4.88 % $ 2,487 The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are commitments to extend credit and are summarized in the below table. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets. June 30, September 30, 2023 2022 (In thousands) Financial instruments whose contract amounts represent credit risk (in thousands) Letters of credit $ 663 $ 740 Unused lines of credit 89,182 73,825 Fixed rate loan commitments 13,235 2,550 Variable rate loan commitments 300 49,913 Totals $ 103,380 $ 127,028

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table presents a calculation of basic and diluted earnings per share for the three and nine months ended June 30, 2023 and 2022. Basic and diluted earnings per share were calculated by dividing net income by the weighted-average number of shares outstanding for the periods. Three Months Ended Nine Months Ended June 30, June 30, 2023 2022 2023 2022 (Dollars in thousands, except share and per share data) Income applicable to common shares $ 1,918 $ 2,117 $ 5,524 $ 5,489 Weighted average shares outstanding - basic 6,412,536 6,799,800 6,426,978 6,797,691 Weighted average shares outstanding - diluted 6,412,536 6,799,800 6,426,978 6,797,691 Earnings per share - basic $ 0.30 $ 0.31 $ 0.86 $ 0.81 Earnings per share - diluted $ 0.30 $ 0.31 $ 0.86 $ 0.81

STOCK-BASED COMPENSATION AND _2

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Tables)	9 Months Ended
	Jun. 30, 2023
Stock-Based Compensation and Stock Repurchase Program [Abstract]
Schedule of Stock Option Activity	The following is a summary of the status of the Company’s stock option activity and related information for its option plan Shares Weighted Weighted Aggregate Value Balance at September 30, 2022 293,200 $ 12.58 10.0 $ — Granted — — — — Exercised — — — — Forfeited — — — — Expired — — — — Balance at June 30, 2023 293,200 $ 12.58 9.2 — Exercisable at June 30, 2023 — $ — — —
Schedule of Non-vested Restricted Shares	The following is a summary of the status of the Company’s non-vested restricted shares Shares Weighted Balance at September 30, 2022 156,400 12.63 Granted — — Vested (1,000 ) 12.70 Forfeited — — Balance at June 30, 2023 155,400 $ 12.63

OTHER COMPREHENSIVE INCOME (L_2

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Jun. 30, 2023
Other Comprehensive Income (Loss) [Abstract]
Schedule of Components of Other Comprehensive Income (Loss) and the Related Income Tax Effects	The components of other comprehensive income (loss) and the related income tax effects are as follows: Three Months Ended June 30, 2023 2022 Tax Net of Tax Net of Before Tax (Benefit) Tax Before Tax (Benefit) Tax Amount Expense Amount Amount Expense Amount (In thousands) Unrealized holding gain (loss) arising during period on: Available-for-sale investments $ (137 ) $ 34 $ (103 ) $ (490 ) $ 120 $ (370 ) Other comprehensive income (loss), net $ (137 ) $ 34 $ (103 ) $ (490 ) $ 120 $ (370 ) Nine Months Ended June 30, 2023 2022 Tax Net of Tax Net of Before Tax (Benefit) Tax Before Tax (Benefit) Tax Amount Expense Amount Amount Expense Amount (In thousands) Unrealized holding gain (loss) arising during period on: Available-for-sale investments $ 247 $ (61 ) $ 186 $ (1,285 ) $ 316 $ (969 ) Other comprehensive income (loss), net $ 247 $ (61 ) $ 186 $ (1,285 ) $ 316 $ (969 )

FAIR VALUE DISCLOSURES (Tables)

FAIR VALUE DISCLOSURES (Tables)	9 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	The following tables provide the level of valuation assumptions used to determine the carrying value of the Company’s assets measured at fair value on a recurring basis. June 30, 2023 Total Level 1 Level 2 Level 3 Assets: (In thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 100 $ — $ 100 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 8,634 — 8,634 — Total securities available for sale $ 8,734 $ — $ 8,734 $ — Derivative assets 2,383 — 2,383 — Total assets $ 11,117 $ — $ 11,117 $ — Liabilities: Derivative liabilities $ 2,383 $ — $ 2,383 $ — Total Liabilities $ 2,383 $ — $ 2,383 $ — September 30, 2022 Total Level 1 Level 2 Level 3 Assets: Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 107 $ — $ 107 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 9,122 — 9,122 — Total securities available for sale $ 9,229 $ — $ 9,229 $ — Derivative assets 2,487 — 2,487 — Total assets $ 11,716 $ — $ 11,716 $ — Liabilities: Derivative liabilities $ 2,487 $ — $ 2,487 $ — Total Liabilities $ 2,487 $ — $ 2,487 $ —
Schedule of Assets Measured at Fair Value on a Non-recurring Basis	The following tables provide the level of valuation assumptions used to determine the carrying value of the Company’s assets measured at fair value on a non-recurring basis at June 30, 2023 and September 30, 2022. June 30, 2023 Total Level 1 Level 2 Level 3 (In thousands) Impaired loans $ 777 $ — $ — $ 777 Total $ 777 $ — $ — $ 777 September 30, 2022 Total Level 1 Level 2 Level 3 (In thousands) Impaired loans $ 5,659 $ — $ — $ 5,659 Total $ 5,659 $ — $ — $ 5,659
Schedule of Quantitative Information About Assets Measured at Fair Value on a Nonrecurring Basis for Which Level 3 Inputs Were Used to Determine Fair Value	The following tables present additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Company has utilized Level 3 inputs to determine fair value: Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation June 30, 2023 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 777 Appraisal of collateral (1) Appraisal adjustments (2) -50% to -8.0% (-19.4%) Fair Value Valuation September 30, 2022 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 5,659 Appraisal of collateral (1) Appraisal adjustments (2) 0% to -31.7% (-9.9%) (1) Fair value is generally determined through independent appraisals for the underlying collateral, which generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
Schedule of the Carrying Amount, Fair Value, and Placement in the Fair Value Hierarchy of Financial Instruments Carried at Cost or Amortized Cost	the carrying amount is a reasonable estimate of fair value due to these products being payable on demand and having no stated maturity. Carrying Fair Fair Value Measurement Placement Value Value (Level 1) (Level 2) (Level 3) (In thousands) June 30, 2023 Financial instruments - assets Investment securities held to maturity $ 83,720 $ 73,337 $ — $ 73,337 $ — Loans 693,308 666,752 — — 666,752 Financial instruments - liabilities Certificates of deposit including retirement certificates 103,375 102,959 — 102,959 — Borrowings 45,534 44,567 — 44,567 — September 30, 2022 Financial instruments - assets Investment securities held-to-maturity $ 91,646 $ 79,914 $ — $ 79,914 $ — Loans 619,843 592,804 — — 592,804 Financial instruments - liabilities Certificates of deposit 82,609 81,289 — 81,289 — Borrowings 15,625 14,762 — 14,762 —

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Jun. 30, 2023
Investments Securities [Abstract]
Schedule of the Amortized Cost and Fair Values of Securities Available for Sale	The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity Gross Gross Amortized Unrealized Unrealized Fair June 30, 2023 Cost Gains Losses Value (In thousands) Securities available-for-sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 109 $ — $ (9 ) $ 100 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 10,296 — (1,662 ) 8,634 Total securities available-for-sale $ 10,405 $ — $ (1,671 ) $ 8,734 Securities held-to-maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 5,197 $ — $ (731 ) $ 4,466 Mortgage-backed securities - commercial 584 — (2 ) 582 Obligations of U.S. government-sponsored enterprises: Mortgage-backed-securities - residential 46,422 — (7,093 ) 39,329 Debt securities 24,835 — (1,954 ) 22,881 Private label mortgage-backed securities - residential 211 — (11 ) 200 Obligations of state and political subdivisions 3,471 3 (398 ) 3,076 Corporate securities 3,000 — (197 ) 2,803 Total securities held-to-maturity $ 83,720 $ 3 $ (10,386 ) $ 73,337 Total investment securities $ 94,125 $ 3 $ (12,057 ) $ 82,071 Gross Gross Amortized Unrealized Unrealized Fair September 30, 2022 Cost Gains Losses Value (In thousands) Securities available-for-sale: Obligations of U.S. government agencies: Mortgage backed securities - residential $ 118 $ — $ (11 ) $ 107 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 11,029 — (1,907 ) 9,122 Total securities available for sale $ 11,147 $ — $ (1,918 ) $ 9,229 Securities held-to-maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 5,525 $ — $ (717 ) $ 4,808 Mortgage-backed securities - commercial 631 — — 631 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 48,961 12 (7,548 ) 41,425 Debt securities 24,821 — (2,395 ) 22,426 Private label mortgage-backed securities - residential 224 — (10 ) 214 Obligations of state and political subdivisions 3,484 — (638 ) 2,846 Corporate securities 8,000 — (436 ) 7,564 Total securities held to maturity $ 91,646 $ 12 $ (11,744 ) $ 79,914 Total investment securities $ 102,793 $ 12 $ (13,662 ) $ 89,143
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity	The contractual maturities of debt securities, municipal bonds and certain information regarding mortgage-backed securities available-for-sale and held-to-maturity at June 30, 2023 are summarized in the following table: June 30, 2023 Amortized Fair Securities available-for-sale Cost Value (In thousands) Due within 1 year $ — $ — Due after 1 but within 5 years — — Due after 5 but within 10 years — — Due after 10 years — — Total debt securities — — Mortgage-backed securities: Residential 10,405 8,734 Commercial — — Total $ 10,405 $ 8,734 June 30, 2023 Amortized Fair Securities held-to-maturity Cost Value (In thousands) Due within 1 year $ 7,836 $ 7,652 Due after 1 but within 5 years 18,527 16,926 Due after 5 but within 10 years 4,943 4,182 Due after 10 years — — Total debt securities 31,306 28,760 Mortgage-backed securities: Residential 51,830 43,995 Commercial 584 582 Total $ 83,720 $ 73,337

IMPAIRMENT OF INVESTMENT SECU_2

IMPAIRMENT OF INVESTMENT SECURITIES (Tables)	9 Months Ended
	Jun. 30, 2023
Impairment of Investment Securities [Abstract]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains	Investment securities with fair values less than their amortized cost contain unrealized losses Less Than 12 Months 12 Months Or Greater Total Number of Fair Unrealized Fair Unrealized Fair Unrealized Securities Value Losses Value Losses Value Losses June 30, 2023 (Dollars in thousands) Obligations of U.S. government agencies: Mortgage-backed securities - residential 6 $ — $ — $ 4,567 $ (740 ) $ 4,567 $ (740 ) Mortgage-backed securities - commercial 1 — — 582 (2 ) 582 (2 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 50 442 (18 ) 47,521 (8,737 ) 47,963 (8,755 ) Debt securities 14 — — 22,881 (1,954 ) 22,881 (1,954 ) Private label mortgage-backed securities residential 1 — — 200 (11 ) 200 (11 ) Obligations of state and political subdivisions 6 522 (6 ) 2,245 (392 ) 2,767 (398 ) Corporate securities 1 — — 2,804 (197 ) 2,804 (197 ) Total 79 $ 964 $ (24 ) $ 80,800 $ (12,033 ) $ 81,764 $ (12,057 ) September 30, 2022 Obligations of U.S. government agencies: Mortgage-backed securities - residential 6 $ 2,364 $ (140 ) $ 2,551 $ (588 ) $ 4,915 $ (728 ) Mortgage-backed securities - commercial 1 631 — — — 631 — Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 49 21,180 (2,795 ) 29,088 (6,660 ) 50,268 (9,455 ) Debt securities 14 11,664 (660 ) 10,763 (1,735 ) 22,427 (2,395 ) Private label mortgage-backed securities residential 1 215 (10 ) — — 215 (10 ) Obligations of state and political subdivisions 7 1,268 (181 ) 1,577 (457 ) 2,845 (638 ) Corporate securities 2 2,646 (353 ) 4,917 (83 ) 7,563 (436 ) Total 80 $ 39,968 $ (4,139 ) $ 48,896 $ (9,523 ) $ 88,864 $ (13,662 )

LOANS RECEIVABLE, NET AND REL_2

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Schedule of Loans Receivable, Net	Loans receivable, net were comprised of the following: June 30, September 30, 2023 2022 (In thousands) One-to-four family residential $ 236,633 $ 214,377 Commercial real estate 402,349 342,791 Construction 19,249 15,230 Home equity lines of credit 18,737 18,704 Commercial business 23,129 34,672 Other 2,433 3,130 Total loans receivable 702,530 628,904 Net deferred loan fees (844 ) (628 ) Allowance for loan losses (8,378 ) (8,433 ) Total loans receivable, net $ 693,308 $ 619,843
Schedule of Impaired Loans	The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary for the periods presented: Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal Investment Allowance Investment Investment Balance June 30, 2023 (In thousands) One-to-four family residential $ — $ — $ 1,788 $ 1,788 $ 1,788 Commercial real estate — — 1,138 1,138 1,138 Construction — — 777 777 842 Commercial business — — 148 148 148 Total impaired loans $ — $ — $ 3,851 $ 3,851 $ 3,916 September 30, 2022 One-to four-family residential $ — $ — $ 1,512 $ 1,512 $ 1,512 Commercial real estate — — 1,159 1,159 1,159 Construction 2,835 114 — 2,835 2,900 Commercial business — — 153 153 153 Total impaired loans $ 2,835 $ 114 $ 2,824 $ 5,659 $ 5,724
Schedule of Average Recorded Investment in Impaired Loans	The following tables present the average recorded investment in impaired loans and the interest income recognized on impaired loans for the three and nine months ended June 30, 2023 and 2022. Three Months Ended Nine Months Ended June 30, 2023 June 30, 2023 (In thousands) One-to-four family residential $ 1,777 $ 1,645 Commercial real estate 1,142 1,220 Construction 1,806 2,149 Commercial business 342 312 Average investment in impaired loans $ 5,067 $ 5,326 Interest income recognized on an accrual basis on impaired loans One-to-four family residential $ 22 $ 64 Commercial real estate 13 39 Commercial business 2 5 Total $ 37 $ 108 Three Months Ended Nine Months Ended June 30, 2022 June 30, 2022 (In thousands) One-to-four family residential $ 1,531 $ 1,760 Commercial real estate 1,174 1,516 Construction 4,580 4,580 Commercial business 829 1,055 Average investment in impaired loans $ 8,114 $ 8,911 Interest income recognized on an accrual basis on impaired loans One-to-four family residential $ 21 $ 63 Commercial real estate 23 71 Commercial business 2 5 Total $ 46 $ 139
Schedule of Bank’s Internal Risk Rating System	The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the Company’s internal risk rating system for the periods presented: Special Pass Mention Substandard Doubtful Total (In thousands) June 30, 2023 One-to-four family residential $ 235,248 $ 962 $ 423 $ — $ 236,633 Commercial real estate 401,962 — 387 — 402,349 Construction 16,752 — 2,497 — 19,249 Home equity lines of credit 18,737 — — — 18,737 Commercial business 23,129 — — — 23,129 Other 2,433 — — — 2,433 Total $ 698,261 $ 962 $ 3,307 $ — $ 702,530 September 30, 2022 One-to-four family residential $ 213,173 $ 980 $ 224 $ — $ 214,377 Commercial real estate 342,593 198 — — 342,791 Construction 10,652 — 4,578 — 15,230 Home equity lines of credit 18,704 — — — 18,704 Commercial business 34,672 — — — 34,672 Other 3,130 — — — 3,130 Total $ 622,924 $ 1,178 $ 4,802 $ — $ 628,904
Schedule of the Loan Portfolio by Analyzing the Age	The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans for the periods presented: 30-59 60-89 Days Days 90 Days + Total Non- Total Current Past Due Past Due Past Due Past Due Accrual Loans (Dollars in thousands) June 30, 2023 One-to-four family residential $ 236,093 $ — $ 369 $ 171 $ 540 $ 171 $ 236,633 Commercial real estate 399,621 — 116 2,612 2,728 2,612 402,349 Construction 18,472 — — 777 777 777 19,249 Home equity lines of credit 18,737 — — — — — 18,737 Commercial business 23,109 — 20 — 20 — 23,129 Other 2,433 — — — — — 2,433 Total $ 698,465 $ — $ 505 $ 3,560 $ 4,065 $ 3,560 $ 702,530 September 30, 2022 One-to four-family residential $ 213,903 $ 300 $ 174 $ — $ 474 $ — $ 214,377 Commercial real estate 342,404 — 387 — 387 — 342,791 Construction 12,395 — — 2,835 2,835 2,835 15,230 Home equity lines of credit 18,704 — — — — — 18,704 Commercial business 34,672 — — — — — 34,672 Other 3,130 — — — — — 3,130 Total $ 625,208 $ 300 $ 561 $ 2,835 $ 3,696 $ 2,835 $ 628,904
Schedule of Allowance for Loan Losses by Loan Category	The following table summarizes the ALL by loan category and the related activity for the nine months ended June 30, 2023 and 2022: One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Balance- September 30, 2022 $ 1,223 $ 4,612 $ 461 $ 263 $ 1,484 $ 1 $ 389 $ 8,433 Charge-offs — — — — — — — — Recoveries — — — — — — — — Provision (credit) 12 518 65 (7 ) (109 ) — (162 ) 317 Balance- December 31, 2022 $ 1,235 $ 5,130 $ 526 $ 256 $ 1,375 $ 1 $ 227 $ 8,750 Charge-offs — — — — (102 ) — — (102 ) Recoveries — — — — — — — — Provision (credit) 35 280 (58 ) (10 ) 62 — (113 ) 196 Balance- March 31, 2023 $ 1,270 $ 5,410 $ 468 $ 246 $ 1,335 $ 1 $ 114 $ 8,844 Charge-offs — — — — (386 ) — — (386 ) Recoveries 1 — — — — — — 1 Provision (credit) (102 ) (318 ) (21 ) (15 ) (41 ) — 416 (81 ) Balance- June 30, 2023 $ 1,169 $ 5,092 $ 447 $ 231 $ 908 $ 1 $ 530 $ 8,378 One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Balance- September 30, 2021 $ 1,136 $ 3,744 $ 594 $ 232 $ 2,046 $ 15 $ 308 $ 8,075 Charge-offs — — — — — — — — Recoveries — 53 — — — — — 53 Provision (credit) (43 ) (90 ) 130 — 83 (14 ) 35 100 Balance- December 31, 2021 $ 1,093 $ 3,706 $ 724 $ 232 $ 2,129 $ 1 $ 343 $ 8,228 Charge-offs — — — — — — — — Recoveries 1 — — — — — — 1 Provision (credit) 19 376 79 (12 ) (290 ) 1 (102 ) 71 Balance- March 31, 2022 $ 1,113 $ 4,082 $ 803 $ 220 $ 1,839 $ 2 $ 241 $ 8,300 Charge-offs — — — — — — — — Recoveries — — — — — — — — Provision (credit) 35 334 (196 ) 5 (62 ) (1 ) 90 205 Balance- June 30, 2022 $ 1,148 $ 4,416 $ 607 $ 225 $ 1,777 $ 1 $ 331 $ 8,505 One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Allowance for Loan Losses: Balance - June 30, 2023 $ 1,169 $ 5,092 $ 447 $ 231 $ 908 $ 1 $ 530 $ 8,378 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 1,169 5,092 447 231 908 1 530 8,378 Loans receivable: Balance - June 30, 2023 $ 236,633 $ 402,349 $ 19,249 $ 18,737 $ 23,129 $ 2,433 $ — $ 702,530 Individually evaluated for impairment 1,788 1,138 777 — 148 — — 3,851 Collectively evaluated for impairment 234,845 401,211 18,472 18,737 22,981 2,433 — 698,679 One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Allowance for Loan Losses: Balance - September 30, 2022 $ 1,223 $ 4,612 $ 461 $ 263 $ 1,484 $ 1 $ 389 $ 8,433 Individually evaluated for impairment — — 114 — — — — 114 Collectively evaluated for impairment 1,223 4,612 347 263 1,484 1 389 8,319 Loans receivable: Balance - September 30, 2022 $ 214,377 $ 342,791 $ 15,230 $ 18,704 $ 34,672 $ 3,130 $ — $ 628,904 Individually evaluated for impairment 1,512 1,159 2,835 — 153 — — 5,659 Collectively evaluated for impairment 212,865 341,632 12,395 18,704 34,519 3,130 — 623,245
Schedule of Troubled Debt Restructuring	There was one TDR loan modification totaling $106,000 during the nine months ended June 30, 2023. Information on the TDR is summarized as follows: Three Months Ended June 30, 2023 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential — $ — $ — Total — $ — $ — Nine Months Ended June 30, 2023 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential 1 $ 97 $ 106 Total 1 $ 97 $ 106 Three Months Ended June 30, 2022 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential 1 112 124 Total 1 $ 112 $ 124 Nine Months Ended June 30, 2022 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential 2 330 373 Total 2 $ 330 $ 373

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Jun. 30, 2023
Deposits [Abstract]
Schedule of Deposits by Type of Account	A summary of deposits by type of account are summarized as follows: June 30, September 30, 2023 2022 (In thousands) Demand accounts $ 182,924 $ 182,417 Savings accounts 65,470 81,850 NOW accounts 93,833 98,643 Money market accounts 247,870 222,214 Certificates of deposit 91,528 69,929 Retirement certificates 11,847 12,680 Total deposits $ 693,472 $ 667,733

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	9 Months Ended
	Jun. 30, 2023
Financial Instruments With Off-Balance Sheet Risk [Abstract]
Schedule of Information Regarding Derivatives	The following table presents summary information regarding these derivatives Notional Average Weighted Weighted Average Fair Value (Dollars in thousands) June 30, 2023 Classified in Other Assets: Customer interest rate swaps $ 36,294 4.4 4.95 % 1 Mo. BSBY + 2.44 $ 2,383 Total $ 36,294 4.4 4.95 % $ 2,383 Classified in Other Liabilities: 3rd Party interest rate swaps $ 36,294 4.4 4.95 % 1 Mo. BSBY + 2.44 $ 2,383 Total $ 36,294 4.4 4.95 % $ 2,383 September 30, 2022 Classified in Other Assets: Customer interest rate swaps $ 19,512 5.9 3.63 % 1 Mo. LIBOR + 2.50 $ 2,275 $ 6,940 4.6 6.13 % 1 Mo. BSBY + 3.00 $ 212 Total $ 26,452 5.2 4.88 % $ 2,487 Classified in Other Liabilities: 3rd Party interest rate swaps $ 19,512 5.9 3.63 % 1 Mo. LIBOR + 2.50 $ 2,275 $ 6,940 4.6 6.13 % 1 Mo. BSBY + 3.00 $ 212 Total $ 26,452 5.2 4.88 % $ 2,487
Schedule of Financial Instruments with Off-Balance-Sheet Risk	Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets. June 30, September 30, 2023 2022 (In thousands) Financial instruments whose contract amounts represent credit risk (in thousands) Letters of credit $ 663 $ 740 Unused lines of credit 89,182 73,825 Fixed rate loan commitments 13,235 2,550 Variable rate loan commitments 300 49,913 Totals $ 103,380 $ 127,028

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Details) - USD ($)	9 Months Ended
	Jun. 30, 2023	Oct. 01, 2023
RECENT ACCOUNTING PRONOUNCEMENTS (Details) [Line Items]
Allowance for loan losses	$ 8,400,000
Forecast [Member] | Minimum [Member]
RECENT ACCOUNTING PRONOUNCEMENTS (Details) [Line Items]
Unfunded commitments		$ 630,000
Forecast [Member] | Maximum [Member]
RECENT ACCOUNTING PRONOUNCEMENTS (Details) [Line Items]
Unfunded commitments		$ 950,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details)	9 Months Ended
	Jun. 30, 2023 $ / shares shares
Earnings Per Share [Abstract]
Options to purchase of common stock | shares	293,200
Weighted average strike price | $ / shares	$ 12.58
Restricted shares | shares	155,400
Weighted average price | $ / shares	$ 12.63

EARNINGS PER SHARE (Details) -

EARNINGS PER SHARE (Details) - Schedule of Earnings Per Share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Schedule of Earnings Per Share [Abstract]
Income applicable to common shares	$ 1,918	$ 2,117	$ 5,524	$ 5,489
Weighted average shares outstanding - basic	6,412,536	6,799,800	6,426,978	6,797,691
Weighted average shares outstanding - diluted	6,412,536	6,799,800	6,426,978	6,797,691
Earnings per share - basic	$ 0.3	$ 0.31	$ 0.86	$ 0.81
Earnings per share - diluted	$ 0.3	$ 0.31	$ 0.86	$ 0.81

STOCK-BASED COMPENSATION AND _3

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Details) - USD ($)			3 Months Ended	9 Months Ended		12 Months Ended
	Dec. 08, 2022	Aug. 25, 2022	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2021	Jan. 01, 2023	Sep. 30, 2022
STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Details) [Line Items]
Equity compensation shares		547,400
Shares of restricted stock				293,200
Stock option compensation expense (in Dollars)			$ 63,000,000	$ 195,000,000
Stock award compensation expense (in Dollars)			$ 98,000,000	$ 307,000,000
Stock repurchase program shares	354,891			261,784
Average price (in Dollars per share)	$ 12.9
Outstanding shares	337,146
Repurchased shares	75,362
Authorized shares			337,146	337,146
Treasury stock shares			429,253	429,253				465,693
ESOP trustees purchased						312,800
Common stock (in Dollars)						$ 3,400,000
Average cost per share (in Dollars per share)						$ 10.77
Variable interest rate							7.50%
Principal and interest payable term							30 years
Shares allocated to participants				22,487
Shares unallocated in suspenses				290,313
Aggregate fair value (in Dollars)				$ 3,000,000
Contribution expense (in Dollars)				$ 98,000,000	$ 140,000,000
Other Additional Capital [Member]
STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Details) [Line Items]
Average price (in Dollars per share)	$ 12.11
Outstanding shares, percentage	5%
Restricted Stock [Member]
STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Details) [Line Items]
Shares of restricted stock				155,400

STOCK-BASED COMPENSATION AND _4

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Details) - Schedule of Stock Option Activity	9 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Schedule of Stock Option Activity [Abstract]
Number of Stock Options, Beginning Balance (in Shares) | shares	293,200
Weighted Average Exercise Price, Beginning Balance (in Dollars per share) | $ / shares	$ 12.58
Weighted Average Remaining Contractual Life	10 years
Aggregate Intrinsic Value, Beginning Balance (in Dollars) | $
Number of Stock Options, Granted (in Shares) | shares
Weighted Average Exercise Price, Granted (in Dollars per share) | $ / shares
Weighted Average Remaining Contractual Life, Granted
Aggregate Intrinsic Value, Granted (in Dollars) | $
Number of Stock Options, Exercised (in Shares) | shares
Weighted Average Exercise Price, Exercised (in Dollars per share) | $ / shares
Aggregate Intrinsic Value, Exercised (in Dollars) | $
Weighted Average Remaining Contractual Life, Exercised
Number of Stock Options, Forfeited
Weighted Average Exercise Price, Forfeited (in Dollars per share) | $ / shares
Aggregate Intrinsic Value, Forfeited (in Dollars) | $
Weighted Average Remaining Contractual Life, Forfeited
Number of Stock Options, Expired (in Shares) | shares
Weighted Average Exercise Price, Expired (in Dollars per share) | $ / shares
Aggregate Intrinsic Value, Expired (in Dollars) | $
Weighted Average Remaining Contractual Life, Expired
Number of Stock Options, Ending Balance (in Shares) | shares	293,200
Weighted Average Exercise Price, Ending Balance (in Dollars per share) | $ / shares	$ 12.58
Weighted Average Remaining Contractual Life	9 years 2 months 12 days
Aggregate Intrinsic Value, Ending Balance (in Dollars) | $
Aggregate Intrinsic Value, Exercisable (in Dollars) | $
Number of Stock Options, Exercisable (in Shares) | shares
Weighted Average Exercise Price, Exercisable (in Dollars per share) | $ / shares
Weighted Average Remaining Contractual Life, Exercisable

STOCK-BASED COMPENSATION AND _5

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Details) - Schedule of Non-vested Restricted Shares	9 Months Ended
	Jun. 30, 2023 $ / shares shares
Schedule of Non Vested Restricted Shares [Abstract]
Shares, Beginning Balance | shares	156,400
Weighted average grant date fair value, Beginning Balance | $ / shares	$ 12.63
Shares granted | shares
Weighted average grant date fair value granted | $ / shares
Shares vested | shares	(1,000)
Weighted average grant date fair value vested | $ / shares	$ 12.7
Shares forfeited | shares
Weighted average grant date fair value forfeited | $ / shares
Shares, Ending Balance | shares	155,400
Weighted average grant date fair value, Ending Balance | $ / shares	$ 12.63

OTHER COMPREHENSIVE INCOME (L_3

OTHER COMPREHENSIVE INCOME (LOSS) (Details) - Schedule of Components of Other Comprehensive Income (Loss) and the Related Income Tax Effects - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Unrealized holding gain (loss) arising during period on:
Available-for-sale investments, Before Tax Amount	$ (137)	$ (490)	$ 247	$ (1,285)
Available-for-sale investments, Tax (Benefit) Expense	34	120	(61)	316
Available-for-sale investments, Net of Tax Amount	(103)	(370)	186	(969)
Other comprehensive income (loss), net Before Tax Amount	(137)	(490)	247	(1,285)
Other comprehensive income (loss), net Tax (Benefit) Expense	34	120	(61)	316
Other comprehensive income (loss), net of Tax Amount	$ (103)	$ (370)	$ 186	$ (969)

FAIR VALUE DISCLOSURES (Details

FAIR VALUE DISCLOSURES (Details) - Schedule of Assets Measured at Fair Value on a Recurring Basis - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Obligations of U.S. government agencies:
Derivative assets	$ 2,383	$ 2,487
Total assets	11,117	11,716
Liabilities:
Derivative liabilities	2,383	2,487
Total Liabilities	2,383	2,487
Obligations of U.S. government enterprises Mortgage-backed securities [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	100	107
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	8,634	9,122
Total securities available for sale	8,734	9,229
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Obligations of U.S. government agencies:
Derivative assets
Total assets
Liabilities:
Derivative liabilities
Total Liabilities
Fair Value, Inputs, Level 1 [Member] | Obligations of U.S. government enterprises Mortgage-backed securities [Member] | Fair Value, Recurring [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential
Fair Value, Inputs, Level 1 [Member] | Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member] | Fair Value, Recurring [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential
Total securities available for sale
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Obligations of U.S. government agencies:
Derivative assets	2,383	2,487
Total assets	11,117	11,716
Liabilities:
Derivative liabilities	2,383	2,487
Total Liabilities	2,383	2,487
Fair Value, Inputs, Level 2 [Member] | Obligations of U.S. government enterprises Mortgage-backed securities [Member] | Fair Value, Recurring [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	100	107
Fair Value, Inputs, Level 2 [Member] | Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member] | Fair Value, Recurring [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	8,634	9,122
Total securities available for sale	8,734	9,229
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Obligations of U.S. government agencies:
Derivative assets
Total assets
Liabilities:
Derivative liabilities
Total Liabilities
Fair Value, Inputs, Level 3 [Member] | Obligations of U.S. government enterprises Mortgage-backed securities [Member] | Fair Value, Recurring [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential
Fair Value, Inputs, Level 3 [Member] | Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member] | Fair Value, Recurring [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential
Total securities available for sale

FAIR VALUE DISCLOSURES (Detai_2

FAIR VALUE DISCLOSURES (Details) - Schedule of Assets Measured at Fair Value on a Non-recurring Basis - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2023	Sep. 30, 2022
FAIR VALUE DISCLOSURES (Details) - Schedule of Assets Measured at Fair Value on a Non-recurring Basis [Line Items]
Impaired loans	$ 777	$ 5,659
Total	777	5,659
Level 1 [Member]
FAIR VALUE DISCLOSURES (Details) - Schedule of Assets Measured at Fair Value on a Non-recurring Basis [Line Items]
Impaired loans
Total
Level 2 [Member]
FAIR VALUE DISCLOSURES (Details) - Schedule of Assets Measured at Fair Value on a Non-recurring Basis [Line Items]
Impaired loans
Total
Level 3 [Member]
FAIR VALUE DISCLOSURES (Details) - Schedule of Assets Measured at Fair Value on a Non-recurring Basis [Line Items]
Impaired loans	777	5,659
Total	$ 777	$ 5,659

FAIR VALUE DISCLOSURES (Detai_3

FAIR VALUE DISCLOSURES (Details) - Schedule of Quantitative Information About Assets Measured at Fair Value on a Nonrecurring Basis for Which Level 3 Inputs Were Used to Determine Fair Value - Impaired Loans [Member] - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Jun. 30, 2023	Sep. 30, 2022
Schedule of Quantitative Information About Assets Measured at Fair Value on a Nonrecurring Basis for Which Level 3 Inputs Were Used to Determine Fair Value [Abstract]
Fair Value Estimate		$ 777	$ 5,659
Valuation Techniques	[1]	Appraisal of collateral	Appraisal of collateral
Unobservable Input	[2]	Appraisal adjustments	Appraisal adjustments
Range (Weighted Average)		-50% to -8.0% (-19.4%)	0% to -31.7% (-9.9%)
[1]Fair value is generally determined through independent appraisals for the underlying collateral, which generally include various level 3 inputs which are not identifiable.[2]Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

FAIR VALUE DISCLOSURES (Detai_4

FAIR VALUE DISCLOSURES (Details) - Schedule of the Carrying Amount, Fair Value, and Placement in the Fair Value Hierarchy of Financial Instruments Carried at Cost or Amortized Cost - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Financial instruments - assets
Investment securities held-to-maturity	$ 73,337	$ 79,914
Reported Value Measurement [Member]
Financial instruments - assets
Investment securities held-to-maturity	83,720	91,646
Loans	693,308	619,843
Financial instruments - liabilities
Certificates of deposit including retirement certificates	103,375	82,609
Borrowings	45,534	15,625
Estimate of Fair Value Measurement [Member]
Financial instruments - assets
Investment securities held-to-maturity	73,337	79,914
Loans	666,752	592,804
Financial instruments - liabilities
Certificates of deposit including retirement certificates	102,959	81,289
Borrowings	44,567	14,762
Fair Value, Inputs, Level 1 [Member]
Financial instruments - assets
Investment securities held-to-maturity
Loans
Financial instruments - liabilities
Certificates of deposit including retirement certificates
Borrowings
Fair Value, Inputs, Level 2 [Member]
Financial instruments - assets
Investment securities held-to-maturity	73,337	79,914
Loans
Financial instruments - liabilities
Certificates of deposit including retirement certificates	102,959	81,289
Borrowings	44,567	14,762
Fair Value, Inputs, Level 3 [Member]
Financial instruments - assets
Investment securities held-to-maturity
Loans	666,752	592,804
Financial instruments - liabilities
Certificates of deposit including retirement certificates
Borrowings

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) $ in Millions	Jun. 30, 2023 USD ($)
Investments, Debt and Equity Securities [Abstract]
Estimated fair value	$ 12.8

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details) - Schedule of the Amortized Cost and Fair Values of Securities Available for Sale - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Obligations of U.S. government agencies:
Amortized Cost	$ 10,405	$ 11,147
Gross Unrealized Gains
Gross Unrealized Losses	(1,671)	(1,918)
Fair Value	8,734	9,229
Obligations of U.S. government agencies:
Amortized Cost	83,720	91,646
Gross Unrealized Gains	3	12
Gross Unrealized Losses	(10,386)	(11,744)
Fair Value	73,337	79,914
Available for Sale and Held to Maturity [Member]
Obligations of U.S. government agencies:
Amortized Cost	94,125	102,793
Gross Unrealized Gains	3	12
Gross Unrealized Losses	(12,057)	(13,662)
Fair Value	82,071	89,143
Obligations of U.S. government agencies Mortgage backed securities - residential [Member]
Obligations of U.S. government agencies:
Amortized Cost	109	118
Gross Unrealized Gains
Gross Unrealized Losses	(9)	(11)
Fair Value	100	107
Obligations of U.S. government-sponsored enterprises Mortgage backed securities - residential [Member]
Obligations of U.S. government agencies:
Amortized Cost	10,296	11,029
Gross Unrealized Gains
Gross Unrealized Losses	(1,662)	(1,907)
Fair Value	8,634	9,122
Obligations of U.S. government agencies:
Amortized Cost	46,422	48,961
Gross Unrealized Gains		12
Gross Unrealized Losses	(7,093)	(7,548)
Fair Value	39,329	41,425
Obligations of U.S. government agencies Mortgage-backed securities - residential [Member]
Obligations of U.S. government agencies:
Amortized Cost	5,197	5,525
Gross Unrealized Gains
Gross Unrealized Losses	(731)	(717)
Fair Value	4,466	4,808
Obligations of U.S. government agencies Mortgage-backed securities - commercial [Member]
Obligations of U.S. government agencies:
Amortized Cost	584	631
Gross Unrealized Gains
Gross Unrealized Losses	(2)
Fair Value	582	631
Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Obligations of U.S. government agencies:
Amortized Cost	24,835	24,821
Gross Unrealized Gains
Gross Unrealized Losses	(1,954)	(2,395)
Fair Value	22,881	22,426
Private label mortgage-backed securities - residential [Member]
Obligations of U.S. government agencies:
Amortized Cost	211	224
Gross Unrealized Gains
Gross Unrealized Losses	(11)	(10)
Fair Value	200	214
Obligations of state and political subdivisions [Member]
Obligations of U.S. government agencies:
Amortized Cost	3,471	3,484
Gross Unrealized Gains	3
Gross Unrealized Losses	(398)	(638)
Fair Value	3,076	2,846
Corporate securities [Member]
Obligations of U.S. government agencies:
Amortized Cost	3,000	8,000
Gross Unrealized Gains
Gross Unrealized Losses	(197)	(436)
Fair Value	$ 2,803	$ 7,564

INVESTMENT SECURITIES (Detail_3

INVESTMENT SECURITIES (Details) - Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity $ in Thousands	Jun. 30, 2023 USD ($)
Amortized Cost [Member] | Mortgage-backed securities available-for-sale [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Abstract]
Due within 1 year
Due after 1 but within 5 years
Due after 5 but within 10 years
Due after 10 years
Total debt securities
Mortgage-backed securities:
Residential	10,405
Commercial
Total	10,405
Amortized Cost [Member] | Mortgage-backed securities held-to-maturity [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Abstract]
Due within 1 year	7,836
Due after 1 but within 5 years	18,527
Due after 5 but within 10 years	4,943
Total debt securities	31,306
Mortgage-backed securities:
Residential	51,830
Commercial	584
Total	83,720
Fair Value [Member] | Mortgage-backed securities available-for-sale [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Abstract]
Due within 1 year
Due after 1 but within 5 years
Due after 5 but within 10 years
Due after 10 years
Total debt securities
Mortgage-backed securities:
Residential	8,734
Commercial
Total	8,734
Fair Value [Member] | Mortgage-backed securities held-to-maturity [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Abstract]
Due within 1 year	7,652
Due after 1 but within 5 years	16,926
Due after 5 but within 10 years	4,182
Total debt securities	28,760
Mortgage-backed securities:
Residential	43,995
Commercial	582
Total	$ 73,337

IMPAIRMENT OF INVESTMENT SECU_3

IMPAIRMENT OF INVESTMENT SECURITIES (Details) - Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	$ 81,764	$ 88,864
Unrealized losses	(12,057)	(13,662)
Mortgage-backed securities - residential [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	4,567	4,915
Unrealized losses	(740)	(728)
Mortgage-backed securities - commercial [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	582	631
Unrealized losses	(2)
Mortgage-backed securities - residential [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	47,963	50,268
Unrealized losses	(8,755)	(9,455)
Debt securities [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	22,881	22,427
Unrealized losses	(1,954)	(2,395)
Private label mortgage-backed securities residential [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	200	215
Unrealized losses	(11)	(10)
Obligations of state and political subdivisions [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	2,767	2,845
Unrealized losses	(398)	(638)
Corporate securities [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	2,804	7,563
Unrealized losses	(197)	(436)
12 Months Or Greater [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	80,800	48,896
Unrealized losses	(12,033)	(9,523)
12 Months Or Greater [Member] | Mortgage-backed securities - residential [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	4,567	2,551
Unrealized losses	(740)	(588)
12 Months Or Greater [Member] | Mortgage-backed securities - commercial [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	582
Unrealized losses	(2)
12 Months Or Greater [Member] | Mortgage-backed securities - residential [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	47,521	29,088
Unrealized losses	(8,737)	(6,660)
12 Months Or Greater [Member] | Debt securities [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	22,881	10,763
Unrealized losses	(1,954)	(1,735)
12 Months Or Greater [Member] | Private label mortgage-backed securities residential [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	200
Unrealized losses	(11)
12 Months Or Greater [Member] | Obligations of state and political subdivisions [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	2,245	1,577
Unrealized losses	(392)	(457)
12 Months Or Greater [Member] | Corporate securities [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	2,804	4,917
Unrealized losses	(197)	(83)
Less Than 12 Months [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	964	39,968
Unrealized losses	(24)	(4,139)
Less Than 12 Months [Member] | Mortgage-backed securities - residential [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value		2,364
Unrealized losses		(140)
Less Than 12 Months [Member] | Mortgage-backed securities - commercial [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value		631
Unrealized losses
Less Than 12 Months [Member] | Mortgage-backed securities - residential [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	442	21,180
Unrealized losses	(18)	(2,795)
Less Than 12 Months [Member] | Debt securities [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value		11,664
Unrealized losses		(660)
Less Than 12 Months [Member] | Private label mortgage-backed securities residential [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value		215
Unrealized losses		(10)
Less Than 12 Months [Member] | Obligations of state and political subdivisions [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value	522	1,268
Unrealized losses	(6)	(181)
Less Than 12 Months [Member] | Corporate securities [Member]
Schedule of Investment Securities with Fair Values Greater Than Their Amortized Cost Contain Unrealized Gains [Line Items]
Fair value		2,646
Unrealized losses		$ (353)

LOANS RECEIVABLE, NET AND REL_3

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Details) - USD ($)	3 Months Ended	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]
TDR Loan		$ 106,000	$ 373,000
Commercial relationships		500,000
Criticized relationships		250,000
Loan modification		$ 106,000	$ 373,000
Loan [Member]
LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]
TDR Loan	$ 124,000

LOANS RECEIVABLE, NET AND REL_4

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Details) - Schedule of Loans Receivable, Net - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2023	Sep. 30, 2022
Schedule of Loans Receivable, Net [Abstract]
Total loans receivable	$ 702,530	$ 628,904
Net deferred loan fees	(844)	(628)
Allowance for loan losses	(8,378)	(8,433)
Total loans receivable, net	693,308	619,843
One-to-four family residential [Member]
Schedule of Loans Receivable, Net [Abstract]
One-to-four family residential	236,633	214,377
Total loans receivable	236,633	214,377
Commercial real estate [Member]
Schedule of Loans Receivable, Net [Abstract]
Commercial real estate	402,349	342,791
Total loans receivable	402,349	342,791
Construction [Member]
Schedule of Loans Receivable, Net [Abstract]
Construction	19,249	15,230
Total loans receivable	19,249	15,230
Home equity lines of credit [Member]
Schedule of Loans Receivable, Net [Abstract]
Home equity lines of credit	18,737	18,704
Total loans receivable	18,737	18,704
Commercial business [Member]
Schedule of Loans Receivable, Net [Abstract]
Commercial business	23,129	34,672
Total loans receivable	23,129	34,672
Other [Member]
Schedule of Loans Receivable, Net [Abstract]
Other	2,433	3,130
Total loans receivable	$ 2,433	$ 3,130

LOANS RECEIVABLE, NET AND REL_5

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Details) - Schedule of Impaired Loans - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Schedule of Impaired Loans [Abstract]
Recorded Investment Impaired Loans with Specific Allowance		$ 2,835
Related Allowance Impaired Loans with Specific Allowance		114
Recorded Investment Impaired Loans with No Specific Allowance	3,851	2,824
Total Impaired Loans Recorded Investment	3,851	5,659
Total Impaired Loans Unpaid Principal Balance	3,916	5,724
One-to-four family residential [Member]
Schedule of Impaired Loans [Abstract]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance	1,788	1,512
Total Impaired Loans Recorded Investment	1,788	1,512
Total Impaired Loans Unpaid Principal Balance	1,788	1,512
Commercial real estate [Member]
Schedule of Impaired Loans [Abstract]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance	1,138	1,159
Total Impaired Loans Recorded Investment	1,138	1,159
Total Impaired Loans Unpaid Principal Balance	1,138	1,159
Construction [Member]
Schedule of Impaired Loans [Abstract]
Recorded Investment Impaired Loans with Specific Allowance		2,835
Related Allowance Impaired Loans with Specific Allowance		114
Recorded Investment Impaired Loans with No Specific Allowance	777
Total Impaired Loans Recorded Investment	777	2,835
Total Impaired Loans Unpaid Principal Balance	842	2,900
Commercial business [Member]
Schedule of Impaired Loans [Abstract]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance	148	153
Total Impaired Loans Recorded Investment	148	153
Total Impaired Loans Unpaid Principal Balance	$ 148	$ 153

LOANS RECEIVABLE, NET AND REL_6

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Details) - Schedule of Average Recorded Investment in Impaired Loans - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Schedule of Average Recorded Investment in Impaired Loans [Abstract]
Impaired loans and interest income	$ 5,067	$ 8,114	$ 5,326	$ 8,911
Interest income recognized on an accrual basis on impaired loans	37	46	108	139
One-to-four family residential [Member]
Schedule of Average Recorded Investment in Impaired Loans [Abstract]
Impaired loans and interest income	1,777	1,531	1,645	1,760
Interest income recognized on an accrual basis on impaired loans	22	21	64	63
Commercial real estate [Member]
Schedule of Average Recorded Investment in Impaired Loans [Abstract]
Impaired loans and interest income	1,142	1,174	1,220	1,516
Interest income recognized on an accrual basis on impaired loans	13	23	39	71
Construction [Member]
Schedule of Average Recorded Investment in Impaired Loans [Abstract]
Impaired loans and interest income	1,806	4,580	2,149	4,580
Commercial business [Member]
Schedule of Average Recorded Investment in Impaired Loans [Abstract]
Impaired loans and interest income	342	829	312	1,055
Interest income recognized on an accrual basis on impaired loans	$ 2	$ 2	$ 5	$ 5

LOANS RECEIVABLE, NET AND REL_7

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Details) - Schedule of Bank’s Internal Risk Rating System - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	$ 702,530	$ 628,904
Pass [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	698,261	622,924
Special Mention [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	962	1,178
Substandard [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	3,307	4,802
Doubtful [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
One-to four-family residential [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	236,633	214,377
One-to four-family residential [Member] | Pass [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	235,248	213,173
One-to four-family residential [Member] | Special Mention [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	962	980
One-to four-family residential [Member] | Substandard [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	423	224
One-to four-family residential [Member] | Doubtful [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
Commercial real estate [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	402,349	342,791
Commercial real estate [Member] | Pass [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	401,962	342,593
Commercial real estate [Member] | Special Mention [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross		198
Commercial real estate [Member] | Substandard [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	387
Commercial real estate [Member] | Doubtful [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
Construction [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	19,249	15,230
Construction [Member] | Pass [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	16,752	10,652
Construction [Member] | Special Mention [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
Construction [Member] | Substandard [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	2,497	4,578
Construction [Member] | Doubtful [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
Home equity lines of credit [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	18,737	18,704
Home equity lines of credit [Member] | Pass [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	18,737	18,704
Home equity lines of credit [Member] | Special Mention [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
Home equity lines of credit [Member] | Substandard [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
Home equity lines of credit [Member] | Doubtful [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
Commercial business [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	23,129	34,672
Commercial business [Member] | Pass [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	23,129	34,672
Commercial business [Member] | Special Mention [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
Commercial business [Member] | Substandard [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
Commercial business [Member] | Doubtful [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
Other [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	2,433	3,130
Other [Member] | Pass [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross	2,433	3,130
Other [Member] | Special Mention [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
Other [Member] | Substandard [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross
Other [Member] | Doubtful [Member]
Schedule of Bank’s Internal Risk Rating System [Abstract]
Loans and Leases Receivable, Gross

LOANS RECEIVABLE, NET AND REL_8

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Details) - Schedule of the Loan Portfolio by Analyzing the Age - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Financing Receivable, Past Due [Line Items]
Current	$ 698,465	$ 625,208
Past Due	4,065	3,696
Total Past Due	4,065	3,696
Non-Accrual	3,560	2,835
Total Loans	702,530	628,904
30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due		300
Total Past Due		300
60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	505	561
Total Past Due	505	561
90 Days + Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	3,560	2,835
Total Past Due	3,560	2,835
One-to four-family residential [Member]
Financing Receivable, Past Due [Line Items]
Current	236,093	213,903
Past Due	540	474
Total Past Due	540	474
Non-Accrual	171
Total Loans	236,633	214,377
One-to four-family residential [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due		300
Total Past Due		300
One-to four-family residential [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	369	174
Total Past Due	369	174
One-to four-family residential [Member] | 90 Days + Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	171
Total Past Due	171
Commercial real estate [Member]
Financing Receivable, Past Due [Line Items]
Current	399,621	342,404
Past Due	2,728	387
Total Past Due	2,728	387
Non-Accrual	2,612
Total Loans	402,349	342,791
Commercial real estate [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due
Total Past Due
Commercial real estate [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	116	387
Total Past Due	116	387
Commercial real estate [Member] | 90 Days + Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	2,612
Total Past Due	2,612
Construction [Member]
Financing Receivable, Past Due [Line Items]
Current	18,472	12,395
Past Due	777	2,835
Total Past Due	777	2,835
Non-Accrual	777	2,835
Total Loans	19,249	15,230
Construction [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due
Total Past Due
Construction [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due
Total Past Due
Construction [Member] | 90 Days + Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	777	2,835
Total Past Due	777	2,835
Home equity lines of credit [Member]
Financing Receivable, Past Due [Line Items]
Current	18,737	18,704
Past Due
Total Past Due
Non-Accrual
Total Loans	18,737	18,704
Home equity lines of credit [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due
Total Past Due
Home equity lines of credit [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due
Total Past Due
Home equity lines of credit [Member] | 90 Days + Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due
Total Past Due
Commercial business [Member]
Financing Receivable, Past Due [Line Items]
Current	23,109	34,672
Past Due	20
Total Past Due	20
Non-Accrual
Total Loans	23,129	34,672
Commercial business [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due
Total Past Due
Commercial business [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	20
Total Past Due	20
Commercial business [Member] | 90 Days + Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due
Total Past Due
Other [Member]
Financing Receivable, Past Due [Line Items]
Current	2,433	3,130
Past Due
Total Past Due
Non-Accrual
Total Loans	2,433	3,130
Other [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due
Total Past Due
Other [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due
Total Past Due
Other [Member] | 90 Days + Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due
Total Past Due

LOANS RECEIVABLE, NET AND REL_9

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Details) - Schedule of Allowance for Loan Losses by Loan Category - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2022
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance	$ 8,844	$ 8,750	$ 8,433	$ 8,300	$ 8,228	$ 8,075
Allowance for Loan Losses:
Charge-offs	(386)	(102)
Recoveries	1				1	53
Provision (credit)	(81)	196	317	205	71	100
Balance-Ending balance	8,378	8,844	8,750	8,505	8,300	8,228
Allowance for Loan Losses Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			8,433
Allowance for Loan Losses:
Balance-Ending balance	8,378
Allowance for Loan Losses Individually evaluated for impairment One [Member]
Allowance for Loan Losses:
Individually evaluated for impairment							$ 114
Allowance for Loan Losses Collectively evaluated for impairment One [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	8,378						8,319
Loans receivable Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			628,904
Allowance for Loan Losses:
Balance-Ending balance	702,530
Loans receivable Individually evaluated for impairment [Member]
Allowance for Loan Losses:
Individually evaluated for impairment	3,851						5,659
Loans receivable Collectively evaluated for impairment [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	698,679						623,245
One-to Four- Family Residential [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance	1,270	1,235	1,223	1,113	1,093	1,136
Allowance for Loan Losses:
Charge-offs
Recoveries	1				1
Provision (credit)	(102)	35	12	35	19	(43)
Balance-Ending balance	1,169	1,270	1,235	1,148	1,113	1,093
One-to Four- Family Residential [Member] | Allowance for Loan Losses Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			1,223
Allowance for Loan Losses:
Balance-Ending balance	1,169
One-to Four- Family Residential [Member] | Allowance for Loan Losses Individually evaluated for impairment One [Member]
Allowance for Loan Losses:
Individually evaluated for impairment
One-to Four- Family Residential [Member] | Allowance for Loan Losses Collectively evaluated for impairment One [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	1,169						1,223
One-to Four- Family Residential [Member] | Loans receivable Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			214,377
Allowance for Loan Losses:
Balance-Ending balance	236,633
One-to Four- Family Residential [Member] | Loans receivable Individually evaluated for impairment [Member]
Allowance for Loan Losses:
Individually evaluated for impairment	1,788						1,512
One-to Four- Family Residential [Member] | Loans receivable Collectively evaluated for impairment [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	234,845						212,865
Commercial Real Estate [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance	5,410	5,130	4,612	4,082	3,706	3,744
Allowance for Loan Losses:
Charge-offs
Recoveries						53
Provision (credit)	(318)	280	518	334	376	(90)
Balance-Ending balance	5,092	5,410	5,130	4,416	4,082	3,706
Commercial Real Estate [Member] | Allowance for Loan Losses Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			4,612
Allowance for Loan Losses:
Balance-Ending balance	5,092
Commercial Real Estate [Member] | Allowance for Loan Losses Individually evaluated for impairment One [Member]
Allowance for Loan Losses:
Individually evaluated for impairment
Commercial Real Estate [Member] | Allowance for Loan Losses Collectively evaluated for impairment One [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	5,092						4,612
Commercial Real Estate [Member] | Loans receivable Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			342,791
Allowance for Loan Losses:
Balance-Ending balance	402,349
Commercial Real Estate [Member] | Loans receivable Individually evaluated for impairment [Member]
Allowance for Loan Losses:
Individually evaluated for impairment	1,138						1,159
Commercial Real Estate [Member] | Loans receivable Collectively evaluated for impairment [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	401,211						341,632
Construction [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance	468	526	461	803	724	594
Allowance for Loan Losses:
Charge-offs
Recoveries
Provision (credit)	(21)	(58)	65	(196)	79	130
Balance-Ending balance	447	468	526	607	803	724
Construction [Member] | Allowance for Loan Losses Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			461
Allowance for Loan Losses:
Balance-Ending balance	447
Construction [Member] | Allowance for Loan Losses Individually evaluated for impairment One [Member]
Allowance for Loan Losses:
Individually evaluated for impairment							114
Construction [Member] | Allowance for Loan Losses Collectively evaluated for impairment One [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	447						347
Construction [Member] | Loans receivable Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			15,230
Allowance for Loan Losses:
Balance-Ending balance	19,249
Construction [Member] | Loans receivable Individually evaluated for impairment [Member]
Allowance for Loan Losses:
Individually evaluated for impairment	777						2,835
Construction [Member] | Loans receivable Collectively evaluated for impairment [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	18,472						12,395
Home Equity Lines of Credit [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance	246	256	263	220	232	232
Allowance for Loan Losses:
Charge-offs
Recoveries
Provision (credit)	(15)	(10)	(7)	5	(12)
Balance-Ending balance	231	246	256	225	220	232
Home Equity Lines of Credit [Member] | Allowance for Loan Losses Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			263
Allowance for Loan Losses:
Balance-Ending balance	231
Home Equity Lines of Credit [Member] | Allowance for Loan Losses Individually evaluated for impairment One [Member]
Allowance for Loan Losses:
Individually evaluated for impairment
Home Equity Lines of Credit [Member] | Allowance for Loan Losses Collectively evaluated for impairment One [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	231						263
Home Equity Lines of Credit [Member] | Loans receivable Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			18,704
Allowance for Loan Losses:
Balance-Ending balance	18,737
Home Equity Lines of Credit [Member] | Loans receivable Individually evaluated for impairment [Member]
Allowance for Loan Losses:
Individually evaluated for impairment
Home Equity Lines of Credit [Member] | Loans receivable Collectively evaluated for impairment [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	18,737						18,704
Commercial Business [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance	1,335	1,375	1,484	1,839	2,129	2,046
Allowance for Loan Losses:
Charge-offs	(386)	(102)
Recoveries
Provision (credit)	(41)	62	(109)	(62)	(290)	83
Balance-Ending balance	908	1,335	1,375	1,777	1,839	2,129
Commercial Business [Member] | Allowance for Loan Losses Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			1,484
Allowance for Loan Losses:
Balance-Ending balance	908
Commercial Business [Member] | Allowance for Loan Losses Individually evaluated for impairment One [Member]
Allowance for Loan Losses:
Individually evaluated for impairment
Commercial Business [Member] | Allowance for Loan Losses Collectively evaluated for impairment One [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	908						1,484
Commercial Business [Member] | Loans receivable Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			34,672
Allowance for Loan Losses:
Balance-Ending balance	23,129
Commercial Business [Member] | Loans receivable Individually evaluated for impairment [Member]
Allowance for Loan Losses:
Individually evaluated for impairment	148						153
Commercial Business [Member] | Loans receivable Collectively evaluated for impairment [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	22,981						34,519
Other [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance	1	1	1	2	1	15
Allowance for Loan Losses:
Charge-offs
Recoveries
Provision (credit)				(1)	1	(14)
Balance-Ending balance	1	1	1	1	2	1
Other [Member] | Allowance for Loan Losses Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			1
Allowance for Loan Losses:
Balance-Ending balance	1
Other [Member] | Allowance for Loan Losses Individually evaluated for impairment One [Member]
Allowance for Loan Losses:
Individually evaluated for impairment
Other [Member] | Allowance for Loan Losses Collectively evaluated for impairment One [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	1						1
Other [Member] | Loans receivable Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			3,130
Allowance for Loan Losses:
Balance-Ending balance	2,433
Other [Member] | Loans receivable Individually evaluated for impairment [Member]
Allowance for Loan Losses:
Individually evaluated for impairment
Other [Member] | Loans receivable Collectively evaluated for impairment [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	2,433						3,130
Unallocated [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance	114	227	389	241	343	308
Allowance for Loan Losses:
Charge-offs
Recoveries
Provision (credit)	416	(113)	(162)	90	(102)	35
Balance-Ending balance	530	$ 114	227	$ 331	$ 241	$ 343
Unallocated [Member] | Allowance for Loan Losses Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance			389
Allowance for Loan Losses:
Balance-Ending balance	530
Unallocated [Member] | Allowance for Loan Losses Individually evaluated for impairment One [Member]
Allowance for Loan Losses:
Individually evaluated for impairment
Unallocated [Member] | Allowance for Loan Losses Collectively evaluated for impairment One [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment	530						389
Unallocated [Member] | Loans receivable Beginning [Member]
Schedule of Allowance for Loan Losses by Loan Category [Abstract]
Balance - Beginning balance
Allowance for Loan Losses:
Balance-Ending balance
Unallocated [Member] | Loans receivable Individually evaluated for impairment [Member]
Allowance for Loan Losses:
Individually evaluated for impairment
Unallocated [Member] | Loans receivable Collectively evaluated for impairment [Member]
Allowance for Loan Losses:
Collectively evaluated for impairment

LOANS RECEIVABLE, NET AND RE_10

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Details) - Schedule of Troubled Debt Restructuring $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Schedule of Troubled Debt Restructuring [Abstract]
Number of Loans		1	1	2
Investment Before TDR Modification		$ 112	$ 97	$ 330
Investment After TDR Modification		$ 124	$ 106	$ 373
One-to four-family residential [Member]
Schedule of Troubled Debt Restructuring [Abstract]
Number of Loans		1	1	2
Investment Before TDR Modification		$ 112	$ 97	$ 330
Investment After TDR Modification		$ 124	$ 106	$ 373

DEPOSITS (Details)

DEPOSITS (Details) - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2023	Sep. 30, 2022
Deposits [Abstract]
Deposits	$ 18,800,000	$ 6,000,000
Brokered certificates of deposits	15,500,000	14,600,000
Current FDIC insurance limit on bank deposit accounts	250,000
Aggregate amount of deposit accounts with a denomination	250,000
Aggregate amount of deposit accounts	388,500,000	399,900,000
Total deposit	95,400,000
FDIC insurance coverage limit	250,000	129,400,000
State and local municipalities of deposit accounts	200,900,000	140,600,000
State and local municipality deposits	194,400,000	$ 139,300,000
State and local municipality deposits	$ 250,000

DEPOSITS (Details) - Schedule o

DEPOSITS (Details) - Schedule of Deposits by Type of Account - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Schedule of Deposits by Type of Account [Abstract]
Demand accounts	$ 182,924	$ 182,417
Savings accounts	65,470	81,850
NOW accounts	93,833	98,643
Money market accounts	247,870	222,214
Certificates of deposit	91,528	69,929
Retirement certificates	11,847	12,680
Total deposits	$ 693,472	$ 667,733

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Details) - Schedule of Information Regarding Derivatives - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2023	Sep. 30, 2022
Interest Rate Swap [Member]
Classified in Other Assets:
Notional Amount	$ 36,294	$ 19,512
Average Maturity (Years)	4 years 4 months 24 days	5 years 10 months 24 days
Weighted Average Fixed Rate	4.95%	3.63%
Weighted Average Variable Rate	1 Mo. BSBY + 2.44	1 Mo. LIBOR + 2.50
Fair Value	$ 2,383	$ 2,275
Classified in Other Assets [Member]
Classified in Other Assets:
Notional Amount	$ 36,294	$ 26,452
Average Maturity (Years)	4 years 4 months 24 days	5 years 2 months 12 days
Weighted Average Fixed Rate	4.95%	4.88%
Fair Value	$ 2,383	$ 2,487
3rd Party Interest Rate Swaps [Member]
Classified in Other Assets:
Notional Amount	$ 36,294	$ 19,512
Average Maturity (Years)	4 years 4 months 24 days	5 years 10 months 24 days
Weighted Average Fixed Rate	4.95%	3.63%
Weighted Average Variable Rate	1 Mo. BSBY + 2.44	1 Mo. LIBOR + 2.50
Fair Value	$ 2,383	$ 2,275
Classified in Other Liabilities [Member]
Classified in Other Assets:
Notional Amount	$ 36,294	$ 26,452
Average Maturity (Years)	4 years 4 months 24 days	5 years 2 months 12 days
Weighted Average Fixed Rate	4.95%	4.88%
Fair Value	$ 2,383	$ 2,487
Interest Rate Swap One [Member]
Classified in Other Assets:
Notional Amount		$ 6,940
Average Maturity (Years)		4 years 7 months 6 days
Weighted Average Fixed Rate		6.13%
Weighted Average Variable Rate		1 Mo. BSBY + 3.00
Fair Value		$ 212
Other Interest Rate Swap [Member]
Classified in Other Assets:
Notional Amount		$ 6,940
Average Maturity (Years)		4 years 7 months 6 days
Weighted Average Fixed Rate		6.13%
Weighted Average Variable Rate		1 Mo. BSBY + 3.00
Fair Value		$ 212

FINANCIAL INSTRUMENTS WITH OF_4

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Details) - Schedule of Financial Instruments with Off-Balance-Sheet Risk - USD ($) $ in Thousands	Jun. 30, 2023	Sep. 30, 2022
Schedule of Financial Instruments with Off-Balance-Sheet Risk [Abstract]
Financial instruments - contract amounts	$ 103,380	$ 127,028
Letters of credit [Member]
Schedule of Financial Instruments with Off-Balance-Sheet Risk [Abstract]
Financial instruments - contract amounts	663	740
Unused lines of credit [Member]
Schedule of Financial Instruments with Off-Balance-Sheet Risk [Abstract]
Financial instruments - contract amounts	89,182	73,825
Fixed rate loan commitments [Member]
Schedule of Financial Instruments with Off-Balance-Sheet Risk [Abstract]
Financial instruments - contract amounts	13,235	2,550
Variable rate loan commitments [Member]
Schedule of Financial Instruments with Off-Balance-Sheet Risk [Abstract]
Financial instruments - contract amounts	$ 300	$ 49,913